Vantage Bank, based in Texas, held the fiat reserves backing the tokens and facilitated traditional settlement services via Fedwire and ACH.
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Authors
Assad Jafri
Sources
Custodia, Vantage launch first US bank-issued stablecoin called Avit on Ethereum
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Custodia managed token issuance, custody and analytics, while Vantage Bank held fiat reserves and provided Fedwire/ACH settlement services
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