According to Cointelegraph, as reported by ChainCatcher, Custodia Bank and Vantage Bank have issued Avit, the first US bank-backed stablecoin based on a permissionless blockchain, which runs on Ethereum. The issuance of this stablecoin marks a significant step forward for compliant, USD-based blockchain payment technology.
Custodia and Vantage Bank Issue Avit, the First US Bank Stablecoin on Ethereum
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