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Circle Collaborates With Signature Bank On Usdc Integration

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Home Cryptocurrency News Coins Stablecoins USD Coin (USDC) Circle Collaborates With Signature Bank On USDC Integration Circle Collaborates With Signature Bank On USDC Integration

Jimmy Aki April 20, 2021

USD Coin (USDC) Circle Collaborates With Signature Bank On USDC Integration

Jimmy Aki April 20, 2021

Global payment technology company Circle announced a collaboration with Signature Bank to integrate Circle products and services into the bank's suite of products.

Circle Picks Signature for USDC Reserve Deposits

The new partnership will enable the New York-based Signature Bank to be the leading financial institution for Circle’s USDC reserve deposits, per its press release.

Circle would also add its products into Signature’s blockchain-based real-time payment platform, Signet. Jeremy Allaire, CEO, and co-founder of Circle said,

“Adding a respected, forward-thinking financial institution to our USDC reserve network is another step forward in adoption and growth for the world's fastest-growing digital dollar currency.”

The incorporation of Circle into Signet will bring about full integration of its products and services with the bank. Given that Signet offers real-time payment every day of the week, including weekends, the partnership will enable Circle’s customers to benefit from this special service.

Meanwhile, Signet’s speed of real-time payment during weekends is attracting many crypto industry players to the company.

Source: https://bitcoinexchangeguide.com/circle-collaborates-with-signature-bank-on-usdc-integration/

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