Custodia Bank launches First Bank-Issued Stablecoin on Ethereum
Custodia Bank, known for its crypto-friendly approach, has partnered with Vantage Bank to successfully tokenize dollar-demand deposits through the issuance of its trademarked Avit stablecoin on the Ethereum mainnet. According to the bank, this marks the “first bank-issued stablecoin on a permissionless blockchain.” The issuance process was carried out in eight transaction stages, with Custodia…