Custodia, Vantage launch first US bank-issued stablecoin called Avit on Ethereum

Custodia Bank and Vantage Bank have issued the first US bank-backed stablecoin, called Avit, on a public blockchain network, according to a March 25 press release. The stablecoin was used in a series of test transactions with a business customer. source: https://cryptoslate.com/custodia-vantage-launch-first-us-bank-issued-stablecoin-called-avit-on-ethereum/