TrueUSD has recently made an announcement regarding its partnership with the SigNet payment network developed by the Signature Bank in order to deliver 24/7 minting and redemption services. The most transparent stablecoin in the world that is completely affirmative and separately attested live on-chain aiming to bring a number of added benefits to TUSD users.

TrueUSD Integrates With SigNet Network of Signature Bank

As for the announcement made revealing the news of the recent amalgamation of TrueUSD with SigNet network, it said:

“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 of TrueUSD with SigNet Network for payments developed by Signature Bank has dedicated the account managers to provide online as well as offline assistance to their customers. This will promise the TUSD holders swifter stablecoin minting/redemption services in times of volatility in markets.

Further Details About the Bank and TUSD

Founded back in the year 2018, the market capitalization of TrueUSD has managed to reach an all-time high of around $1.7 billion.

Talking about Signature Bank, it is the third bank that has partnered with TrueUSD as earlier Prime Trust and Silvergate Bank has partnered with TUSD.

Joseph J. DePaolo, the President and CEO of Signature, said:

“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.”

Mentioning the focus of TrueUSD, Jennifer Jiang, the President of TrueUSD said:

“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.”