Cari picks ZKsync’s Prividium as US regional banks join stablecoin race

Cari Network is building a bank‑governed tokenized deposit platform on ZKsync’s Prividium stack, giving US regional lenders a stablecoin‑style, onchain payments rail.

Cari Network, a permissioned network for banks led by former United States Comptroller of the Currency Gene Ludwig, has chosen Matter Labs’ Prividium infrastructure to power a bank-governed tokenized deposit network for US regional and mid-sized lenders. 

Built on ZKsync and anchored to Ethereum, the platform is designed to let participating banks issue and move tokenized deposits around the clock while keeping them on the balance sheet as bank liabilities, according to a Tuesday release shared with Cointelegraph.

The move comes as lawmakers debate frameworks such as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act and as stablecoin issuers encroach on banks’ role in payments and deposit funding.

Read more