Custodia and Vantage pilot first US bank-issued stablecoin on Ethereum

News story


Description

On March 25, 2025, Custodia Bank and Vantage Bank announced a successful test of Avit, the first U.S. bank-issued stablecoin on a permissionless blockchain. The Avit tokens, pegged to the US dollar and issued on Ethereum.

Maintainers

Kaleidoscopia

Publish date

Mar 25, 2025 - 8:00am

Related people

Jeff Sinnott
Caitlin Long

Related projects

Vantage Bank
Custodia Bank

Related topics

Partnerships & collaborations
Adoption & real-world use

Sources

Custodia, Vantage launch first US bank-issued stablecoin called Avit on Ethereum
Crypto-native bank Custodia partners with Vantage on 'first bank-issued stablecoin' backed by tokenized customer deposits
Custodia Bank partners Vantage for first US bank ‘stablecoin’ issuance

Tags

03/25/2025
Week 13 of 2025