Bank building exterior representing BNY Mellon institutional custody platform expansion for USDC stablecoin
Bitcoin News

BNY Mellon expands institutional custody platform to support USDC minting and redemption

BNY Mellon has expanded its Digital Asset Custody platform to allow institutional clients to store, transfer, mint, and redeem Circle’s USD Coin (USDC), marking the first stablecoin supported on the platform. The move deepens the bank’s existing relationship with Circle, where it already serves as the primary custodian of the reserves backing USDC. New stablecoin […]