TrueUSD, the world’s most transparent stablecoin that is fully collateralized and independently attested live on-chain, recently announced its partnership with the crypto-friendly Signature Bank. TUSD has now been integrated in the SigNet payment network developed by Signature to deliver 7/24 real-time minting and redemption services.
“TrueUSD aims to offer credible financial choices to the world. Our collaboration with Signature and integration with Signet create for TUSD, a USD-pegged stablecoin that is attested real-time, another opportunity to harvest exponential growth, and for TUSD users across the globe a secure and real-time settlement option.”
The integration brings a number of extra benefits to TUSD users on top of offering them more convenient on- and off-ramps. Signature trains dedicated account managers to provide on- and off-line assistance to customers, in this way promising TUSD holders smoother stablecoin minting/redemption services in times of market fluctuations.
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TUSD was founded in 2018 and has once reached a market cap all time high of over $1.7 billion. Signature Bank is the third bank that has entered into partnership with this stablecoin company. Prior to this cooperation, TrueUSD has partnered with Prime Trust and Silvergate Bank to provide real-time TUSD minting and redemption services with the help of ultra-performing blockchain networks (PrimeX and SEN).
“We are happy to have TrueUSD join the ever-expanding ecosystem of Signature. Our cooperation not only consolidates the current services that we provide for our clients, but also cements Signature’s leading position in the sphere of digital assets.” President and CEO of Signature Joseph J. DePaolo said.
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“TrueUSD aims to offer credible financial choices to the world. Our collaboration with Signature and integration with Signet create for TUSD, a USD-pegged stablecoin that is attested real-time, another opportunity to harvest exponential growth, and for TUSD users across the globe a secure and real-time settlement option.” President of TrueUSD Jennifer Jiang added.
