Circle: Picks Signature Bank for USDC integration

  • Signature Bank a full-service commercial bank with offices supporting private client teams located throughout the New York metropolitan area
  • Circle a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins
  • The two companies also committed to a long-term roadmap that kick off with the integration of Circle into SignetTM
  • The joint technical effort to integrate Circle into Signet enable possible future integrations of additional Circle products
  • Integration into Signet afford many commercial customers real-time account USDC settlement 24/7/365
  • Circle more than $13 billion on deposit at financial institutions as reserves for USDC-issued tokens
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Venmo Strengthens Global Transfers by Allowing Payments to PayPal Accounts

Venmo users can now send money internationally to PayPal accounts.Highlights: Venmo now allows users to send money to...

Talos and Nasdaq Strengthen On-Chain and Off-Chain Collateral Workflow

New partnership enhances digital asset handling and collateral management.Highlights: Talos and Nasdaq collaborate to streamline collateral workflows.Partnership aims...

FCA Restricts Use of Sensitive Data in AI Trial with Palantir

Regulatory concerns arise over data handling protocols in AI trials.Highlights: FCA criticized for using sensitive data in AI...

Bank of Ireland Strengthens AI Readiness for Staff Training

New initiatives prepare employees for an AI-driven banking landscape.Highlights: Bank of Ireland launches AI training initiatives for staff.Employees...