Circle announced the automatic minting and redemption of USDC for customers through Cross River Bank, effective March 13. Foresight News previously reported that Circle stated that after the closure of Signature Bank, it will not be able to process the minting and redemption of USDC through SigNet, and Circle will rely on Bank of New York Mellon for settlement. In addition, Circle will introduce a new transaction bank partner with automatic minting and redemption functions as soon as tomorrow, committed to establishing a robust and automated USDC settlement and reserve operation with the highest quality and transparency.