Vantage Bank and Custodia Bank announced Avit Stablecoin, the first official bank -supported US, on the Ethereum network. This historical cooperation has officially introduced traditional banking and Blockchain technology. The arrival of Avit can create a major breakage not only in payment systems, but also in the global influence of Ethereum.
Avit Stablecoin: A new era begins in US banking
Vantage Bank and Custodia Bank officially announced Avit Stablecoin on March 25, 2025. This digital asset, which works with the ERC-20 standard on the Ethereum network, is designed directly to be fixed directly with the US dollar. This innovative initiative is an important step taken to provide transparency, speed and cost advantage in the US banking system.
Banks emphasized that AVİT successfully completed the test process and that all operations (mintleme, transfer, burning) are fully compatible with regulations. In particular, the legal ground was strengthened by adapting to regulatory frameworks such as BSA, AML and OFAC. Custa Bank manages Blockchain transactions, while Vantage Bank will check its nominal asset reserves.
AVİT’s Effect on Ethereum: Explosion is expected to explode in transaction volume
The fact that Avit is working on the Ethereum network is a very important development for ETH ecosystem. The fact that traditional financial institutions prefer Ethereum increases the institutional reliability of the network. According to experts, this move can lead other banks to take similar steps. This may significantly increase the transaction volume, number of users and general awareness of Ethereum.
The presentation of a new US alternative in the Stablecoin market can create a serious competitor to giants such as TETHER (USDT) and USDC. Moreover, Avit is expected to attract great interest in a short time with low transaction fees, high scalability and transparency.
Latest Situation in ETH Price: Horizontal Cruise Judge
Despite this development, the price of Ethereum did not give the expected reaction for now. On March 25, 2025, the ETH price began at $ 2.077 and reached $ 2,094 with a short -term rise. However, this increase did not last long. RSI and MACD indicators revealed that the procurement pressure was insufficient. At the end of the day, ETH was taken back to $ 2,041 support.
Investors are waiting for ETH to break the $ 2,079 resistance. If this level is exceeded, the ETH price may enter the rise trend in the short term. Otherwise, it can be tested below $ 2,000 if it falls below $ 2,041 below the support level.
Avit Stablecoin and Ethereum: What does it mean for the future?
Avit’s work on Ethereum is a promising development for the future of blockchain -based financial systems. Especially in the United States, banks turn to such projects is an indication that regulations are shaped in favor of the crypto. According to experts, Avit is not only a stablecoin; It is also a symbol of the banking sector’s determination to digitalization.
In the coming days, Avit’s effects on Ethereum will be clearer. However, we can say that this development points to the beginning of a very exciting period for the crypto money market.
