BNY adds stablecoin mint and burn for institutions, deepening USDC role
BNY has launched stablecoin mint, burn and custody capabilities for institutional clients, making Circle’s USDC the first stablecoin available on its digital asset custody platform.
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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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