Coinbase held about $240 million in Signature, Paxos (the issuer of BUSD and USDP stablecoins) held $250 million.  

Circle will complete the transfer of all funds from SVB to BNY Mellon. In addition, the firm entered into a new partnership with Cross River Bank to handle USDC issuance and redemption operations as Signature Bank was closed. Cross River Bank is also a cryptocurrency-friendly bank, and Coinbase is on its client list.