Custodia Bank and Vantage Bank have launched the first-ever U.S. bank-issued stablecoin on Ethereum, marking a significant milestone in blockchain technology. The stablecoin, Avit, is backed by U.S. dollar demand deposits and represents a major advancement in federally regulated banks issuing tokenized deposits on public blockchains. This development underscores the growing adoption and potential of blockchain technology in transforming the payments sector.
Continue to read Custodia and Vantage Bank Introduce First Bank-Issued Stablecoin on Ethereum
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