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Caitlin Long, founder and CEO of Avanti Bank & Trust at Custodia Bank, has drawn attention to the issue of certain announced OUSD participants disclaiming their involvement.
Long points out that this situation presents a particular challenge for banks still involved in OUSD, as these banks have heightened obligations to manage third-party risks compared to other entities.
Long has recently highlighted efforts to connect traditional banking with tokenized assets through the launch of the HazelNetwork by Vantage Bank and Custodia Bank. She has also discussed how Hazel Network enables stablecoin transfers for banks and digital wallets via Custodia Bank. These developments reflect her ongoing focus on integrating digital assets with banking infrastructure.