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3232Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
https://www.digit.info/circle-partners-with-cross-river-bank-handful-of-us-crypto-friendly-banks-remain-okcoin-suspends-usd-deposits/
Mon, 13 Mar 2023 21:00:31 +0000https://www.digit.info/2023/03/13/circle-partners-with-cross-river-bank-handful-of-us-crypto-friendly-banks-remain-okcoin-suspends-usd-deposits/Read more]]>Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire emphasized. Crypto Firms Scramble for […]
]]>FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds
https://www.digit.info/fdic-creates-bridge-banks-for-failed-silicon-valley-bank-and-signature-bank-clients-to-access-funds/
Mon, 13 Mar 2023 14:30:15 +0000https://www.digit.info/2023/03/13/fdic-creates-bridge-banks-for-failed-silicon-valley-bank-and-signature-bank-clients-to-access-funds/Read more]]>The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, March 13, 2023. The FDIC stated that both banks’ deposits were made whole under the “systemic risk exception” approved by the U.S. Federal Reserve and […]
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire emphasized. Crypto Firms Scramble for […]
The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, March 13, 2023. The FDIC stated that both banks’ deposits were made whole under the “systemic risk exception” approved by the U.S. Federal Reserve and […]