Circle Finds Replacement for Signature Bank’s Signet Platform for USDC Transfers
Circle, the issuer of the USDC stablecoin, has secured a replacement for Signature Bank's Signet platform, according to CEO Jeremy Allair. The service was used by USDC holders to transfer funds between fiat currencies and cryptocurrencies around the clock. However, it was closed in mid-March d ...
Tether Transfers Funds to Bahamas using Signature Bank’s Payment Platform, Signet
Tether Uses Signet to Transfer US Dollar Funds to Bahamas Banking Partner. According to recent reports, Tether, the issuer of USDT stablecoin, used Signet, the payment platform of Signature Bank, to transfer US dollar funds to its banking partner, Capital Union Bank, in the Bahamas. The transf ...
Coinbase Halts Support for Signet Following Signature Bank Shutdown
Coinbase, a well-known cryptocurrency exchange, recently announced that it has ceased supporting Signet, a digital payment platform owned by Signature Bank. This decision was made after US regulators shut down Signature Bank last week. Coinbase is now actively seeking a new technology provider, w ...