Custodia and Vantage Bank unveiled Hazel Network, a system that allows a tokenized dollar to function as a bank deposit inside a banking consortium and as a stablecoin outside it.

Custodia Bank and Vantage Bank are building a dual-purpose token on Ethereum that toggles between FDIC-insured deposits and stablecoins for 600 US banks by

Custodia and Vantage Bank unveiled Hazel Network, a system that allows a tokenized dollar to function as a bank deposit inside a banking consortium and as a stablecoin outside it.