Signature Bank is the first bank to utilize a stablecoin for payments. Signet, one of its main products, has made a partnership with TrueUSD wherein clients will be purchase and use the stablecoin while transacting with other people seamlessly. The reason TrueUSD was chosen from all the available stablecoins is because of its great track record that has been tracked by a reputed US accounting firm along with banks, escrow accounts to mitigate risks. It has been branching out to other countries to offer help on bank deals in cryptocurrencies while prioritizing regulation and security. TrueUSD has also partnered similarly with the banks like PrimeTrust and Silvergate.TUSD has been listed on over 70 centralized Exchanges in addition to DeFi platforms like Elipsis, which is an exchange liquidity pool designed for: extremely efficient stablecoin trading that is based on Binance Smart Chain(BSC). Along with Ethereum, Avalanche, Uniswap, TRON, and more.