In a recent press release, Custodial Bank and Vantage Bank announced “America’s first bank-issued stablecoin on a permissionless blockchain.” According to the press release, “[t]he banks collaborated on the mint, transfer and redemption” of Avit stablecoin tokens “for a bank customer on the Ethereum mainnet using the ERC-20 standard.”…
By: BakerHostetler
By: BakerHostetler