United States, April 19, 2021 /AlexaBlockchain/ – Signature Bank has forged technology partnership to integrate Circle in the Signet ecosystem. Circle has also selected Signature Bank as its banking partner.
- Circle is a global financial technology firm that provides payments and treasury infrastructure for digital businesses.
- Signature Bank (Nasdaq: SBNY), a New York-based, full service commercial bank, will become Circle’s leading financial institution to hold U.S. dollars in reserve deposits related to USD Coin (USDC).
- USDC currently stands as the fastest growing digital dollar in the world.
Signature Bank President and CEO Joseph J. DePaolo, said:
“Many of our digital asset-based commercial clients have been requesting we include Circle in the Signet ecosystem. We look forward to completing this integration in the coming months. We will also seek to leverage this technical integration into future partnerships and service offerings, further strengthening the Bank’s leadership position in the digital asset space and adoption and use of USDC stable coin.”
