The stablecoin was used in a series of test transactions with a business customer. The pilot included minting, transferring, and redeeming tokens on the Ethereum (ETH) mainnet using the ERC-20 standard.
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Authors
Assad Jafri
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Custodia, Vantage launch first US bank-issued stablecoin called Avit on Ethereum
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Custodia Bank and Vantage Bank conducted an 8-step pilot involving minting, transferring and redeeming Avit tokens on Ethereum using the ERC-20 standard, demonstrating how tokenized bank deposits can function in business transactions
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