Custodia and Vantage Bank have proposed a token model that automatically converts between bank deposits and stablecoins. Cointelegraph reported on Jun
- Custodia and Vantage Bank have proposed a novel token model that seamlessly converts between bank deposits and stablecoins.
- The token functions as a bank deposit within the Hazel Network and as a stablecoin backed by cash and short-term US Treasuries on external blockchains.
- This system, currently in testing on Ethereum, aims to bridge traditional banking with blockchain payment networks and is slated for a broader launch in Q4 2026.
Topics: Asset types, Blockchain usage, Banks bankingsystems, Stablecoins digital cash, Ethereum evm l 1 s, Core banking integration
Tags: #custodia #vantagebank #tokenmodel #stablecoins #deposits #hazelnetwork #ethereum #blockchain #ustreasuries
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