Custodia Bank partners Vantage for first US bank ‘stablecoin’ issuance
Name
Custodia Bank partners Vantage for first US bank ‘stablecoin’ issuance
Description
Custodia Bank and Vantage Bank piloted the issuance of Avit deposit tokens on Ethereum. Though legally distinct from stablecoins, the tokens function similarly and were used in B2B transfers outside the banking system.
Publish date
8:18am, Tuesday, March 25, 2025
Referenced by
Custodia and Vantage pilot first US bank-issued stablecoin on Ethereum
Crypto news
News story
With stablecoin laws progressing through Congress, both the House and Senate versions of the legislation exclude bank-issued tokens backed by deposits
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there are several examples of tokenized deposits in the United States using permissioned blockchains, including Silvergate and Signature
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