Custodia Bank and Vantage Launch New Stablecoin On Ethereum Blockchain

Quick Summary:

Custodia Bank and Vantage Bank have successfully launched the first-ever U.S.bank-issued stablecoin on a permissionless blockchain.

The new stablecoin, named Avit, was issued, transferred, and redeemed using the Ethereum blockchain.

This achievement marks a significant step in the integration of traditional banking with blockchain technology.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaJapan

Topics: 24/7 Cryptocurrency News Stablecoins Stablecoin News Custodia Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-25 @ 17:01:47 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 543 words

Reading Time: 4 minutes read

Sentences: 35 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 27333572

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 24 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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