Custodia and Vantage Bank Issue First U.S. Bank-Backed Stablecoin on Blockchain
Custodia Bank and Vantage Bank have made history by issuing America’s first bank-backed stablecoin on a permissionless blockchain. This milestone marks the first instance of a U.S. bank tokenizing demand deposits, enabling seamless transactions using Avit™ stablecoins, according to the press release. As part of this initiative, the banks collaborated ...
