Although interest rates have declined, people seem to be content with having their money parked somewhere safe as the trade ...

Custodia said on March 25 that it tokenized US dollar demand deposits and facilitated the issuance, transfer and redemption of the stablecoin “Avit” on Ethereum via the ERC-20 token standard.

Custodia Bank and Vantage Bank have completed the tokenization of U.S. dollar demand deposits on the Ethereum mainnet. The banks issued and redeemed Custodia's Avit stablecoins on the Ethereum ...

Vantage Bank, in partnership with Custodia Bank, launched the first ever bank-issued stablecoin to facilitate dollar demand deposits. The two firms facilitated several test transactions, including ...

Statistics showed that in March, currency in circulation decreased 1.8 percent, while demand deposits rose 10.5 percent. Resident deposits saw a modest rise of 1.3 percent month-on-month to 789.0 ...