Custodia and Vantage Bank Launch First US Bank Stablecoin Avit on Ethereum

Odaily News According to Cointelegraph’s X platform article, Custodia Bank and Vantage Bank have issued the first US bank-backed stablecoin Avit based on a permissionless blockchain, running on Ethereum. The issuance of this stablecoin marks an important step forward for compliant, dollar-based blockchain technology payments.