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Custodia, Vantage Bank Tokenize U.S. Dollar Demand Deposits Using Custodia's Avit Stablecoin

Summary by Coin Desk

They conducted a series of eight regulated test transactions, involving minting, transferring, and redeeming Avit tokens under full U.S. banking compliance.

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Coin Desk

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Custodia, Vantage Bank Tokenize U.S. Dollar Demand Deposits Using Custodia's Avit Stablecoin

They conducted a series of eight regulated test transactions, involving minting, transferring, and redeeming Avit tokens under full U.S. banking compliance.

4 days ago·Manila, Philippines

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Crypto News & Investigative Reports

Custodia and Vantage Bank Lead the Way for U.S. Bank-Issued Stablecoins on Permissionless Blockchain – Digital News & Investigative Reports

Revolutionizing Digital Payments with Stablecoin Innovation In a major breakthrough for the U.S. financial sector, Custodia Bank, in collaboration with Vantage Bank, has successfully issued the first-ever bank-backed stablecoin on a permissionless blockchain. This historic transaction—featuring the minting, transfer, and redemption of Avit stablecoins—marks a significant step toward integrating blockchain technology into regulated banking, pavin…

3 days ago

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Bitcoinist

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Cryptocurrency News | Cryptocurrency Prices | Market Cap

First US Bank Stablecoin & SEC Talks Fuel Crypto Momentum – Could This Help Best Wallet Token?

The good news just seems to keep on coming for crypto. Two US banks – Custodia and Vantage – have teamed up to produce ‘America’s first-ever bank-issued stablecoin’ called Avit, and this first US bank stablecoin could prove to be good news for other coins like Best Wallet Token. One person who won’t be happy though is President Trump, who earlier announced plans for his own US dollar-pegged stablecoin, $USD1. With two other US dollar stablecoins…

3 days ago

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coinspaidmedia.com

Banking Stablecoin on Ethereum Issues in U.S.

American banks Custodia Bank and Vantage Bank successfully completed the tokenization of U.S. dollar deposits by issuing the Avit stablecoin on the Ethereum blockchain. Custodia Bank and Vantage Bank announced... Сообщение U.S. Successfully Tests Banking Stablecoin on Ethereum появились сначала на CoinsPaid Media.

3 days ago

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Markets Media

First U.S. Bank Stablecoin Issued on Permissionless Blockchain - Markets Media

Custodia Bank, working with Vantage Bank, completed America’s first-ever tokenization of a bank’s U.S. dollar demand deposits on a permissionless blockchain by issuing, transferring and redeeming Avit stablecoins for a bank customer. A new U.S. dollar payment rail has now been activated inside the U.S. banking system, at a time when the global community is increasingly demanding U.S. dollar stablecoins for transactional use. All parties to the s…

3 days ago

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Coinfomania

U.S. Banks Unveil the First Bank-Issued Avit Stablecoin on Ethereum Blockchain

Vantage Bank and Custodia Bank have joined to launch the first bank-issued stablecoin in the US on the Ethereum network. This development marks a remarkable first step in bringing together traditional banking and blockchain. On March 25, 2025, the bank announced Avit stablecoin pegged to the U.S. dollar on a permission-free blockchain. This effort comes in a bid to transform the payments system and improve the U.S. banking machinery by addressin…

3 days ago

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