TechFlow, October 24 — According to Cointelegraph, crypto-friendly banks Custodia and Vantage jointly announced on Thursday the launch of a one-stop blockchain solution enabling traditional banks to issue tokenized deposits that work alongside stablecoins. The platform allows banks to leverage the near-instant, low-cost transaction advantages of blockchain while retaining customer deposits and avoiding risks of fund outflows. The U.S. Treasury previously projected that the stablecoin market could reach $2 trillion by 2028, potentially triggering $6.6 trillion in bank deposit outflows. Custodia has already launched several early pilot programs, including cross-border payments for transportation companies, milestone-based payments in construction, and supply chain settlements in manufacturing. The solution is built on Custodia’s bank-dedicated blockchain and Infinant’s Interlace network.
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