Stablecoin Launches on Permissionless Blockchain

First US Bank-Issued Stablecoin on Ethereum Blockchain Goes Live

• The first-ever tokenization of U.S. dollar bank deposits on Ethereum has been completed.
• This event marks a significant shift in traditional finance with regulator-approved stablecoins.
• Custodia Bank and Vantage Bank partnered for this historic transaction.
• The transaction was announced by Custodia Bank on March 25.

This milestone event signifies the first instance of U.S. bank-issued stablecoins being used on a permissionless blockchain, highlighting a new era in financial technology as noted by Custodia Bank’s announcement on March 25.