Custodia and Vantage Bank have issued the first US bank stablecoin, Avit, on Ethereum
According to Cointelegraph, Custodia Bank and Vantage Bank have issued the first US bank-supported stablecoin Avit based on a permissionless blockchain, running on Ethereum. The issuance of this stablecoin marks an important step in compliant, dollar-based blockchain technology payments.
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