According to DigitalToday, Custodia Bank and Vantage Bank have proposed a token structure that enables conversion between bank deposits and stablecoins. As outlined in the two companies' white paper, the token operates as deposits issued by member banks within a participating banking consortium; when transferred out of the Hazel Network, it converts into stablecoins backed by cash and short-term U.S. Treasury bonds. The system has been running on Ethereum since March and is expected to be more widely available to banks and customers by Q4 2026. https://(wublock123.com)/news/custodia-vantage-bank-token-structure-convertible-deposits-stablecoins-63143