Circle Reaches New Partner to Restore USDC Stablecoin Stability
• Signature Bank’s sudden failure left Circle’s USDC stablecoin in limbo. • Circle has established a new partnership with Cross River Bank, which will provide automated minting and redemption for USDC stablecoin. • Circle’s USDC operations resumed on Monday morning, ensuring seamless settlement and boosting confidence in the stability of the stablecoin. Signature Bank Failure …
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