Custodia and Vantage Introduce Bank-Issued Stablecoin Avit

Custodia Bank and Vantage Bank have together launched America’s first stablecoin that is directly backed by U.S. dollar demand deposits on a permissionless blockchain.  The stablecoin, named Avit, has been deployed on the Ethereum mainnet using the widely adopted ERC-20 standard.  What Makes Avit Different from Other Stablecoins? The initiative introduced a novel U.S. dollar […] The post Custodia and Vantage Introduce Bank-Issued Stablecoin Avit appeared first on Coin Edition.