Signature’s sudden failure leaves a key part of the crypto industry’s backend infrastructure in limbo: Signet. It’s a blockchain-based real time payments system that’s supposed to work 24/7. Circle, Coinbase and many crypto trading firms used Signet. But with the death of Signature, Signet, too, has gone kaput.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.coindesk.com/policy/2023/03/12/circle-scrambles-to-right-usdc-after-signature-bank-failure/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
More from CoinDesk
Grayscale Ethereum Trust Discount Drops to Lowest in a Year Amid Spot Ether ETF Push
Source Node: 2264088
Time Stamp: Sep 8, 2023
Meet Midas: A New Yield-Bearing Stablecoin Investing in U.S. Treasuries
Source Node: 2380000
Time Stamp: Nov 10, 2023
Apple’s ‘Vision Pro’ Set to Get First Crypto-Focused Metaverse App From Victoria VR
Source Node: 2466161
Time Stamp: Feb 2, 2024
FTX, Congress, Stablecoins: What 2023 May Bring for Crypto Regulations
Source Node: 1861408
Time Stamp: Dec 30, 2022
First Mover Asia: Binance BNB Token Plunges, Bitcoin Holds Near $21.8K Amid US Regulatory Uproar
Source Node: 1956049
Time Stamp: Feb 13, 2023
Bitcoin Retakes $35K After FOMC as Solana’s SOL Leads Sharp Altcoin Rally
Source Node: 2360629
Time Stamp: Nov 1, 2023
Tokenization Advocacy Group Wants to Bring the ‘Next Trillion’ of Assets to Blockchain
Source Node: 2257808
Time Stamp: Sep 7, 2023
Sam Bankman-Fried’s Post-Collapse Media Blitz Has Clearly Backfired
Source Node: 2357371
Time Stamp: Oct 30, 2023
Ether Could Be the Next ‘Institutional Darling,’ Bernstein Says
Source Node: 2486898
Time Stamp: Feb 19, 2024
