Signature Bank and TrueUSD! .Banks have been adopting… | Author: Dwayne D’cunha | The Capital | June 2021
Signature Bank is the first bank to use stablecoins for payments. Signet is one of its main products and has established a partnership with TrueUSD. Customers will purchase and use stablecoins while seamlessly trading with others. The reason for choosing TrueUSD from all available stablecoins is because its good track record has been tracked by a well-known American accounting firm along with banks and custodial accounts to reduce risk. It has been expanding to other countries to help bank transactions in cryptocurrencies, while prioritizing regulation and security. TrueUSD also has similar collaborations with banks such as PrimeTrust and Silvergate.
In addition to DeFi platforms such as Elipsis, TUSD has been listed on more than 70 centralized exchanges. This is an exchange liquidity pool aimed at: extremely efficient stable currency transactions based on the Binance Smart Chain (BSC). Together with Ethereum, Avalanche, Uniswap, TRON, etc.