Bitcoin (CRYPTO: BTC) is down to $61,000, but crypto banking pioneer Caitlin Long argues the bigger story is unfolding inside the U.S. banking system.
Caitlin Long’s Tokenized Deposit Solution
Speaking on June 23 in a podcast with Scott Melker, Long detailed Custodia Bank’s new Hazel Network initiative, which she says bridges traditional bank deposits and stablecoins through a single tokenized infrastructure.
“When it leaves the perimeter of the network, it programmatically changes to a GENIUS Act stablecoin,” Long explained.
Unlike traditional stablecoins, Long said Hazel automatically routes funds back to the originating bank when assets return to the network, helping community banks retain deposits rather than losing them to external stablecoin issuers.
