#Stablecoins Just Got More Real â From Actual Banks đŠ
Custodia Bank and Vantage Bank just rolled out something big: the first U.S. bank-issued stablecoin on Ethereum, called Avit.
Hereâs how it works: Instead of going through slow old-school systems like ACH, customers get Avit tokensâfully backed by actual bank deposits, but issued as #ERC-20 tokens on #Ethereum .
That means faster, cheaper, and fully transparent transactionsâall in a way that still plays nice with regulators.
And when someone wants to cash out? No problemâAvit tokens can be swapped back into the traditional banking system, just like that.
This could be a major step toward mainstream crypto-banking infrastructure.
