BNY and Circle expand partnership, adding mint and burn capabilities for USDC
The Block·
60-second summary
BNY, the world's largest custodian bank, is expanding its partnership with Circle, adding mint and burn capabilities for USDC, enabling seamless creation and redemption of the stablecoin.
BNY, the world's largest custodian bank, said it plans to add support for additional stablecoin via its Digital Asset Custody platform.