According to DigitalToday, Custodia Bank and Vantage Bank have proposed a token structure that can convert between bank deposits and stablecoins. According to the two companies' white paper, the token operates as deposits issued by member banks within the participating banking consortium; when transferred out of the Hazel Network, it converts into a stablecoin backed by cash and short-term US Treasury bonds. The system has been running on Ethereum since March, and is expected to be more widely available to banks and customers in Q4 2026.
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🔥 INSIGHT: @fundstrat says there is “zero chance” of an #Ethereum funding crisis, reinforcing his bullish outlook on ethereum:native . https://t.co/7VUQY88Sgr
Tom Lee on ETH funding crisis risk.
Zero chance. https://t.co/rKda9gVjhP
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Ethereum (ETH) is a decentralized platform that runs smart contracts, defined as applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
