<ul><li>Custodia Bank has launched the first-ever U.S. bank-issued stablecoin on a permissionless blockchain.</li><li>The stablecoin, named Avit, is tokenized on Ethereum and represents 'real dollars' as it is issued by a bank authorized to take demand deposits.</li><li>Custodia's CEO, Caitlin Long, sees Avit as a way for legacy finance to benefit from blockchain technology within the banking system.</li><li>The launch of Avit on Ethereum gained attention due to Custodia's CEO being a Bitcoin maximalist, sparking ironic remarks from observers.</li></ul>

Custodia Bank Launches First US Bank-Issued Stablecoin on Ethereum

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