Custodia Bank has partnered with Vantage Bank to complete what the two companies call "the first bank-issued stablecoin in the US" on a permissionless blockchain.
Custodia said on March 25 that it has tokenized US dollar demand deposits and facilitated the issuance, transfer and exchange of the stablecoin "Avit" on Ethereum through the ERC-20 token standard.
Mr. Castodia added: "New dollar payment channels have now been launched within the US banking system."
Caitlin Long, chief executive of Custodia, said: "We have made a legal/regulatory breakthrough to demonstrate that Bank of America can collaborate to tokenise demand deposits on a permissionless blockchain in a regulatory-compliant manner."
Custodia partners with Vantage Bank to launch "first bank-issued stablecoin"
2025-03-26 05:26:47
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Custodia 与 Vantage Bank 合作推出“首个银行发行的稳定币”Next article：
ETF专家评Ripple案结束：XRP ETF的批准只是时间问题
