BNY adds USDC minting and redemption to institutional custody platform
CoinTelegraph·
60-second summary
BNY Mellon is adding USDC minting and redemption capabilities to its institutional custody platform, deepening its partnership with Circle and solidifying its role as primary custodian of USDC reserves. This move expands BNY's offerings for institutional clients, enabling them to easily create and redeem USDC, further integrating the stablecoin into mainstream finance.
The move deepens BNY's partnership with Circle and builds on the bank's role as the primary custodian of USDC reserves.