Tag: Cross River Bank
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Circle Clears Backlog of USDC Minting and Redemption Requests
Stablecoin issuer Circle said it has cleared “substantially all” of the backlog of minting and redemption requests for USDC. In a March 15 blog post,...
Altcoins Lag Despite Bitcoin Rally and Shanghai Upgrade
The CEO of Circle announces the commencement of their USDC operations. It will have new features thanks to its partnership with Cross River...
Did Taxpayers Escape Bailing Out SVB Signature Bank Depositors?
Silicon Valley Bank and Signature Bank collapsed, affecting businesses, investors, and depositors. Major stablecoins depegged from the US dollar due to SVB’s failure...
Circle Partners with Cross River Bank for USDC Production and Redemption
Circle, a leading global crypto finance company, has announced that it has partnered with Cross River Bank for producing and redeeming USD Coin (USDC),...
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed...
Signature Bank clients look to Cross River Bank
The collapse of Silicon Valley Bank is having a trickle-down effect on fintechs and banks within the financial services industry, but Cross River Bank...
Circle and Cross River Bank To Resume USDC Transactions on Monday
SNEAK PEEK
USDC operations will officially open for business on Monday morning. USDC depegged on the US dollar as contagion from the failure of...
Circle to Bring On New Banking Partner for USDC Minting, Redemption
Stablecoin issuer Circle can no longer count on Signature Bank’s “SigNet” for USDC settlements. In a series of tweets on Sunday, Circle CEO Jeremy Allaire...
Circle Makes Bold USDC Move Amid Stablecoin Mayhem
The CEO of Circle announces the commencement of its USDC operations. It will have new features thanks to its partnership with Cross River...
Circle says US$3.3 bln USDC reserve at SVB available Monday, announces partnership with Cross River
Stablecoin issuer Circle Internet Financial said Monday the US$3.3 billion in USD Coin (USDC) reserve deposits held at the failed Silicon Valley Bank will...
Transactions: Banks select solutions from Chainalysis, Temenos and Teslar Software
Cross River Bank announced Wednesday that it will use blockchain data company Chainalysis for cryptocurrency compliance. The $5 billion bank will integrate Chainalysis’ real-time transaction compliance platform, investigations technology and risk management software into its existing crypto build. The move will help Cross River expand its crypto offerings, which currently include banking and payments, non-fungible […]
Cross River fuels fintech PayTile for P2P geolocational payments
Cross River Bank is leveraging digital payments platform PayTile’s banking-as-a-service (BaaS) offering to power the fintech’s peer-to-peer (P2P) geolocational services. PayTile, which counts Plaid among its existing integrations, facilitates digital payments based on geographic proximity, giving users the ability to send and receive instant payments without exposing personal information. The company equates the process with […]
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