BNY adds stablecoin mint and burn for institutions, deepening USDC role
BNY has launched stablecoin mint, burn, and custody capabilities for its institutional clients. Circle's USDC is the first stablecoin available on BNY's digital asset custody platform. The move deepens BNY's role in supporting USDC for institutional use.
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USDC becomes the first stablecoin on BNY's digital-asset custody platform, and the bank — already custodian of the Circle Reserve Fund — now spans nearly every layer of USDC's institutional infrastructure.
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