Signature Bank’s Blockchain Payment Platform to Accept Trueusd Stablecoin – Finance Bitcoin News
As Signature Bank expands its commercial banking offerings, the trueusd stablecoin has been integrated with its Signet blockchain-based digital payment platform to deliver instant dollar payments.
Signet Integration to Deliver 24/7 Dollar Payment and Settlement
As more enterprises flirt with the idea of blockchain-based products and services, stablecoins are one of the areas of fascination for banks, especially given their possibilities in terms of speed and reliability.
Yet, not all stablecoins are the same, and some have been targeted by enforcement agencies, among them tether (USDT). Still, some are breaking the mold and finding ways to improve upon the existing model. With stablecoins increasingly playing a larger role in trading and decentralized finance (defi), banks are slowly coming around to realize their beneficial traits.
Signature Bank has become the first U.S. financial services provider to adopt stablecoins specifically for payments. Its Signet digital payments platform has entered into a partnership with Trueusd to integrate its multichain stablecoin (TUSD) with its payment services. Accordingly, the platform can now offer TUSD minting and redemption in real-time.
The move will give the bank’s clients access to the stablecoin, which is transparently backed 1:1 by reserves of US dollar that are regularly verifiable thanks to onchain proof-of-reserves and the help of an outside, independent accounting firm. Moreover, the platform’s customers can send US dollar payments to other commercial clients in real-time, around the clock, every day of the week.
Signature Bank, the first FDIC-insured and New York State Department of Financial Services (NYDFS) approved U.S. commercial bank to launch a blockchain digital payments platform, has welcomed the development.
According to Signature Bank’s CEO and President Joseph J. DePaolo:
The relationship with Trueusd enhances Signature Bank’s offering to its existing commercial clients. Through arrangements like this one, Signature Bank is further strengthening its position as one of the pre-imminent banks in the digital assets space.
Trueusd, the product of Trusttoken, counts on billions in monthly transaction volume, with approximately $1.4 billion tokens in circulation as of writing. Thanks to its properties like real-time payment and settlement, along with a network of 100 global trading partners, TUSD has become a popular choice for defi protocols and other use cases that demand instant transactability.
Trueusd Chairperson Jennifer Jiang concludes,
The integration into Signature Bank’s Signet platform is a monumental milestone for TUSD’s growth and adoption as an attested, dollar-backed digital currency. Our integration into Signet brings global TUSD customers another secure real-time settlement option.
What’s next for the banks’ crypto adoption? Let us know what you think in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Source link
order anastrozole online cheap anastrozole 1mg oral anastrozole over the counter
naproxen 500mg drug order prevacid 30mg pills lansoprazole 30mg drug
order biaxin 500mg without prescription order clarithromycin 500mg without prescription meclizine 25 mg drug
brand albuterol 100mcg ciprofloxacin 1000mg pills cipro 1000mg price
buy pioglitazone 30mg for sale buy viagra 50mg for sale real viagra sites
tadalafil 40mg for sale cialis 5mg ca cialis 10mg pill
order generic cialis 20mg Cialis non prescription casino online
where to buy stromectol cost stromectol 6mg buy avlosulfon 100mg generic
slot games online free online casino usa free welcome spins no deposit
nifedipine 10mg cost allegra online buy buy allegra sale
roulette online for real money online blackjack live dealer online blackjack gambling
blackjack online free spins no deposit usa buy research papers online no plagiarism
ramipril 10mg for sale altace price cost arcoxia
order doxycycline 200mg cleocin without prescription purchase cleocin pills
write research paper for me buy essay now azulfidine generic
order generic mesalamine 400mg buy avapro sale order generic avapro 150mg
benicar 20mg ca order olmesartan 10mg pills buy generic divalproex 500mg
buy temovate sale buy buspar online cheap cordarone
acetazolamide online acetazolamide pills order imuran online
buy digoxin lanoxin 250mg tablet molnunat 200mg canada
generic amoxicillin 250mg purchase amoxicillin sale ivermectin for sale
coreg medication order coreg 25mg sale amitriptyline tablet
buy priligy 60mg generic order avana generic motilium 10mg cheap
alendronate 70mg for sale motrin 400mg over the counter order ibuprofen 400mg without prescription
indomethacin 75mg oral order cenforce sale buy cenforce 100mg for sale
pamelor medication order paracetamol for sale paroxetine us
doxycycline 100mg cheap doxycycline 200mg ca medrol australia
buy famotidine 40mg online famotidine 40mg cheap mirtazapine 15mg pills
requip 1mg for sale order rocaltrol 0.25mg for sale trandate usa
purchase tadacip for sale buy amoxicillin 250mg pills order generic amoxicillin 500mg
buy tricor 200mg generic tricor 200mg pills sildenafil 100mg brand
nexium cost biaxin 250mg sale purchase lasix pill
mail order drugs without a prescription
cialis from canada US cialis cheap sildenafil online
cialis us Buy tadalafil discount buy ed pills generic
glycomet 1000mg pill tamoxifen 10mg ca tamoxifen usa
modafinil 200mg oral order generic modafinil 200mg promethazine 25mg canada
serophene sale order prednisolone 40mg online order prednisolone 10mg generic
buy prednisone 5mg pills order deltasone 5mg pill purchase amoxicillin pills
isotretinoin 20mg cost accutane 20mg tablet order ampicillin 500mg online
buy generic fildena 50mg order sildenafil purchase proscar online
ivermectin 6mg online online ed medications order prednisone 5mg sale
order zofran generic ondansetron 8mg us bactrim for sale online
accutane price order accutane generic azithromycin pills
order ventolin 4mg generic ventolin inhalator without prescription augmentin 625mg generic
prednisolone 5mg brand buy prednisolone without prescription buy furosemide 40mg pills
modafinil buy online lisinopril online order order lopressor 100mg online
monodox online order order doxycycline 100mg sale buy zovirax 400mg generic
purchase avodart pill dutasteride over the counter orlistat 120mg for sale
cost azathioprine order micardis buy naproxen 250mg generic
oxybutynin 5mg generic purchase ditropan pills trileptal brand
omnicef 300 mg ca order generic omnicef 300 mg protonix online buy
order simvastatin 10mg online generic promethazine 25mg viagra sildenafil 50mg
oral dapsone 100 mg order asacol online generic atenolol 50mg
buy uroxatral 10mg for sale generic desyrel buy diltiazem pills
order sildenafil 100mg sale sildenafil 50mg pills for men usa pharmacy cialis
order zetia 10mg purchase tetracycline online buy methotrexate paypal
prescriptions canada
phenergan tablet buy cialis on line buy tadalafil 10mg pills
buy coumadin generic order warfarin 5mg zyloprim 100mg generic
levaquin cost buy bupropion 150mg sale buy generic zyban 150 mg
zyrtec 5mg for sale buy strattera 10mg for sale order zoloft 100mg pills
buy cenforce medication cheap glucophage oral glycomet
canadadrugpharmacy
cheap escitalopram 20mg buy prozac paypal buy revia 50mg generic
buy lipitor 10mg online cheap viagra 100mg england sildenafil 100mg pills for men
order femara pill how to get femara without a prescription sildenafil 50mg oral
prescription online
cost tadalafil 40mg ed pills that work gnc ed pills
cialis 40mg pill tadalafil 40mg over the counter cheapest ed pills online
ivermectin 3 mg tablets for humans isotretinoin uk buy isotretinoin 10mg without prescription
modafinil where to buy order prednisone 40mg online cheap buy prednisone 20mg generic
canadian drugs cialis
canada medications
amoxicillin 1000mg pills order azithromycin 500mg online order generic prednisolone 20mg
accutane buy online accutane 40mg cheap zithromax 250mg generic
canadian online pharmacies reviews
purchase gabapentin online buy generic gabapentin over the counter doxycycline 200mg cost
prednisolone 20mg over the counter buy neurontin 800mg online furosemide price
buy albuterol 2mg sale ventolin for sale buy generic synthroid
clomiphene 100mg canada where can i buy hydroxychloroquine hydroxychloroquine online buy
legitimate canadian pharmacy online
canadian meds without a script
canadian drug mart pharmacy
canadian mail order pharmacies
vibra-tabs for sale online albuterol tablet buy clavulanate pills
drugs from canada without prescription
canada prescription
buy generic atenolol buy tenormin pill femara drug
best internet pharmacies
synthroid over the counter synthroid online order buy vardenafil 10mg pills
order albenza 400mg online buy medroxyprogesterone 5mg pill provera 10mg oral
order glucophage 1000mg online metformin 1000mg price norvasc 10mg without prescription
praziquantel 600mg cheap order praziquantel for sale purchase periactin online
zestril 10mg brand buy generic lisinopril online metoprolol price
order lyrica 150mg sale purchase lyrica pill order generic dapoxetine 30mg
methotrexate ca generic reglan 10mg metoclopramide over the counter
cheap xenical 60mg buy xenical without a prescription zyloprim cost
canadian pharmacy world reviews
canadian drugs online viagra
buy hyzaar medication nexium capsules buy topamax 200mg pill
order rosuvastatin generic zetia buy online buy motilium generic
buy sumatriptan 50mg for sale buy avodart for sale dutasteride order
order tetracycline 250mg without prescription oral tetracycline 500mg lioresal pill
toradol order online colchicine 0.5mg without prescription how to get inderal without a prescription
oral zantac zantac 300mg pills buy celecoxib 100mg pill
clopidogrel 150mg pills order clopidogrel 75mg pills nizoral 200 mg without prescription
buy tamsulosin 0.2mg generic buy tamsulosin without prescription buy spironolactone for sale
brand cymbalta 20mg order duloxetine online where to buy nootropil without a prescription
betamethasone cost buy betamethasone 20 gm online cheap buy sporanox online
buy cheap generic combivent ipratropium over the counter zyvox 600mg tablet
order prometrium 100mg for sale olanzapine over the counter order zyprexa online cheap
buy prescription drugs without doctor
buy nateglinide buy capoten tablets cheap candesartan 16mg
cost nebivolol 5mg clozaril usa buy clozapine 50mg for sale
zocor 10mg over the counter valtrex 500mg tablet viagra pills 100mg
order tegretol generic buy tegretol generic lincocin 500mg tablet
online pharmacy
cialis 40mg ca buy cialis without rx sildenafil next day
duricef 250mg ca buy propecia 1mg generic brand finasteride
buy diflucan 200mg without prescription buy ampicillin 500mg for sale buy ciprofloxacin 1000mg without prescription
estradiol 2mg oral where can i buy estradiol order prazosin 2mg generic
generic mebendazole 100mg order tadalafil pill tadalis price
metronidazole over the counter buy septra tablets cephalexin 500mg usa
avanafil 200mg pill avanafil online buy order voltaren online
cheap cleocin 150mg buy cleocin 300mg order sildenafil 100mg sale
pharmacy review
order nolvadex 10mg online cheap where to buy tamoxifen without a prescription where can i buy ceftin
buy indocin 50mg without prescription cefixime 100mg canada buy cefixime
amoxicillin 250mg pill buy amoxicillin 500mg pills biaxin buy online
careprost nasal spray buy generic desyrel over the counter buy trazodone 100mg pill
clonidine online buy spiriva 9mcg sale spiriva online order
The ID used on the NAVER platform is being sold.I think everyone is well aware of the impact of online advertising in today's era, and there is no need to talk about how important online advertising is.In particular, NAVER is the most basic. 네이버 아이디 판매The reason is undoubtedly because it is the most popular tablet product in China.
order suhagra 100mg sale sildalis brand sildenafil 200mg
order minocin 50mg sale order pioglitazone for sale buy actos 15mg pill
I don t want to have any regrets about life in general, and certainly not in this cancer journey how much does cialis cost
purchase arava purchase leflunomide pill order sulfasalazine 500mg for sale
isotretinoin tablet buy amoxicillin 500mg online cheap buy zithromax 500mg sale
order cialis 5mg sale sildenafil citrate 50mg cialis 40mg cheap
azipro 250mg sale oral azipro 500mg order generic neurontin 100mg
ivermectin 6mg tablet buy stromectol 6mg online cheap order prednisone 40mg
lasix online doxycycline 100mg uk ventolin inhalator tablet
buy vardenafil 10mg sale generic zanaflex hydroxychloroquine 200mg over the counter
order altace 5mg generic glimepiride 1mg over the counter arcoxia canada
vardenafil 10mg us hydroxychloroquine tablet hydroxychloroquine 200mg canada
asacol tablet mesalamine sale buy avapro 150mg online cheap