Singapore-based Techteryx, which issues TrueUSD, said Monday morning Asia time that minting and redemption is paused for its users with Signature Bank but continues unaffected across the rest of its banking network. The stablecoin issuer disclosed in a December report that it splits its holdings across a variety of depository institutions in the U.S., Hong Kong and the Bahamas. TrueUSD has a market cap of just over $2 billion. Data from Nansen.ai shows that Binance is the exchange with the largest holdings of TrueUSD at $428 million.