The Crypto friendly goalkeeper bank worked with Vantage Bank to complete what the two companies say they are “the very first American bank label” on a blockchain without authorization.
Gustodia said on March 25 that he tokenized demand deposits in US dollars and facilitates the issue, transfer and repurchase of the stable “Avit” on Ethereum via the ERC-20 token standard.
“A new US dollars payment rail has now been activated inside the American banking system,” added Pustodia.
“We have inaugurated the legal / regulatory front, proving that American banks can collaborate to tokensine request deposits on a blockchain without authorization in accordance with regulation,” said Caitlin Long Caitlin Long Long, CEO of mudguards.
Source: Long Caitlin
The CEO and president of the Vantage Bank, Jeff Sinnott, said that the event was a “central moment to reshape the financial landscape, demonstrating how blockchain and stablecoins can revolutionize payments”.
In a series of messages on X, Long explained that Stablecoin Avit was a “real dollar” and not a “synthetic” dollar, as governor of the Federal Reserve Board Christopher Waller called the Stablecoins in a speech of February 12.
The “real” American dollars, explained for a long time, can only be issued by the Federal Reserve and some legally authorized entities, including the Custodia Bank. She added that has a “real dollar” because he tokenizes a bank request for a bank – funds that customers can withdraw on demand, such as money in a current account.
Ethereum contributors applaud the choice of the guard chain
Gustodia historically defended Bitcoin, and Ethereum, the defenders quickly noted that the bank chose Ethereum for Stablecoin.
“ETH corrected this. Bitcoin couldn’t,” wrote Ethereum Evan Van Ness. Ethereum educator Anthony Sassano also posted to clearly indicate the goalkeeper of the “blockchain without authorization” mentioned in his ad.
“Just in case it was not easy, it is built on Ethereum.”
Source: Matthew Sigel
In relation: Ethereum ready for record summits in the first quarter of 2025, analysts predict
Ethereum guarantees more than $ 125.8 billion in ecunines on its network, almost doubling the second Tron Blockchain at 64.8 billion dollars, according to Defilma data.
Ethereum Tokenise also more than $ 3.6 billion in American cash bills – seven times more than its next competitor, Stellar, at $ 465.7 million, according to Rwa.xyz data.
Review: Comparison 2025: Is Ethereum ready to catch up with Bitcoin and Solana?
