Avit is a Custodia-patented and trademarked stablecoin, pegged to the U.S. dollar and backed by dollar reserves held at participating banks

Quotes that support claims

The Avit stablecoin, a Custodia-patented and trademarked product, is pegged to the U.S. dollar and backed by real dollar reserves held by the banks

Avit tokens were created using the widely adopted ERC-20 standard