JUST IN:🇺🇸The U.S. Federal Reserve has proposed requiring certain payment stablecoin issuers to implement customer identification and KYC programs. https://t.co/3NwHjHhyzI

JUST IN:🇺🇸The U.S. Federal Reserve has proposed requiring certain payment stablecoin issuers to implement customer identification and KYC programs. https://t.co/3NwHjHhyzI
🔥 Token that can switch between bank deposits and stablecoins, banks pushing for adoption
Custodia and Vantage Bank have proposed a token that enables mutual conversion between ordinary bank deposits and stablecoins.
Within the banking network, the token functions like a deposit held by the bank, while outside the network it operates as a stablecoin backed by cash and short‑term government bonds.
The banks have been conducting related tests since March and are aiming for a full rollout in Q4 2026.
🔥BANKS TO LAUNCH TOKEN THAT COULD SWITCH BETWEEN BANK DEPOSITS AND STABLECOINS
Custodia and Vantage Bank have proposed a token that can switch between a normal bank deposit and a stablecoin.
Inside the banking network, it acts like a deposit held by a bank, while outside the network, it becomes a stablecoin backed by cash and short-term Treasurys.
Banks have been testing it since March ahead of a wider rollout for Q4 2026.
🔥BANKS TO LAUNCH TOKEN THAT COULD SWITCH BETWEEN BANK DEPOSITS AND STABLECOINS
Custodia and Vantage Bank have proposed a token that can switch between a normal bank deposit and a stablecoin.
Inside the banking network, it acts like a deposit held by a bank, while outside the network, it becomes a stablecoin backed by cash and short-term Treasurys.
Banks have been testing it since March ahead of a wider rollout for Q4 2026.