Coinbase: Will resume USDC conversions on Monday, with a cash balance of $240 million at Signature Bank

2023-03-13 08:01:26

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ChainCatcher news, Coinbase tweeted that it will resume USDC conversions on Monday. Due to the regulatory closure of Signature Bank, Coinbase is currently facilitating cash transactions for all customers with other banking partners.

Additionally, as of the close of business on Friday, March 10, Coinbase had approximately $240 million in corporate cash at Signature, and Coinbase hopes to fully recover these funds. (source link)

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Coinbase USDC Signature Bank

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