banking partners

as report goes, Circle, the stable currency issuer of USDC, stated in a blog post: “Since the collapse of Signature Bank and Silvergate Bank, our team has been working around the clock to restore the liquidity operations of USDC, including the introduction of new trading banking partners. We started processing casting and redemption requests on Monday morning, March 13th local time, when the US banking system reopened and is currently processing a backlog of requests. We have more work to do here, including adding a 24/7/3 “On March 13, local time, Circle redeemed $2.9 billion of USDC and forged $700 million of USDC as a new trading banking partner with 65 functionality.” Circle: Efforts are being made to restore USDC’s liquidity operations, including the introduction of new trading banking partners Analysis based on this information:In a recent blog post, Circle, the stable currency issuer of USDC, reported that its team has been working tirelessly to restore the liquidity operations of…

It is reported that after the collapse of Silicon Valley Bank, Signature Bank (SBNY) and Silvergate, Digital Currency Group (DCG) is trying to find new banking partners for portfolio companies. DCG: Santander Bank, HSBC Bank and Deutsche Bank are still willing to provide services for encryption companies Analysis based on this information:According to the recent reports, Digital Currency Group (DCG) is seeking new banking partners for its portfolio companies after the collapse of Silicon Valley Bank, Signature Bank (SBNY), and Silvergate. As most of the crypto and blockchain companies work in a regulatory grey area, finding a banking partner that can support them with their banking needs and understand their requirements is crucial for their sustenance. DCG is a company that invests in the crypto and blockchain ecosystem and has a portfolio of over 150 companies. Some of its notable investments include BitGo, Coinbase, Circle, and Chain. After the sudden collapse of the major banking partners, DCG has realized that…

According to the report, the official website of Circle, the issuer of stable currency, said that due to the continued uncertainty of Silvergate Bank, today Ci…

According to reports, Circle, the issuer of the US dollar stable currency, said on Twitter that Circle had kept in touch with several banking partners, and was…

It is reported that Bitstamp issued a statement on its official blog that the Luxembourg-based cryptocurrency exchange has temporarily cancelled the Silvergate…

It is reported that Paxos, the issuer of the US dollar stable currency BUSD, released a statement to Silvergate Bank on social media. Paxos said that it had no…