Custodia, Vantage propose token that toggles between bank deposits and stablecoins

60-second summary

Custodia and Vantage propose a token that seamlessly toggles between bank deposits and stablecoins, connecting traditional banking infrastructure with blockchain-based payment networks while allowing banks to retain customer deposits. This innovative system aims to bridge the gap between the two worlds, potentially increasing adoption and usability of cryptocurrencies in mainstream finance, benefiting the industry as a whole.