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Crypto industry reacts after Clarity Act fails Senate vote
The Clarity Act fell short of 60 votes in the Senate. CoinDesk rounds up how crypto and banking leaders, including Matter Labs, are reading the outcome.
ZKsync News > U.S. regional banks building t...
Published Mar 17, 2026 · CoinDesk
U.S. regional banks building tokenized deposit network on ZKsync to rival stablecoins
Five US regional banks are building the Cari Network on ZKsync — tokenized deposits with stablecoin-speed settlement, fully within the regulated banking system.
A group of US regional banks — Huntington Bancshares, First Horizon, M&T Bank, KeyCorp, and Old National Bancorp — is developing the Cari Network, a tokenized deposit platform built on Prividium, a private permissioned blockchain by Matter Labs running on ZKsync, targeting a 2026 rollout as banks test issuance, transfer, and redemption of digital deposits that stay on balance sheet and move instantly between institutions around the clock — offering stablecoin-like speed within the regulated banking system.
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