Wall Street's BNY expands stablecoin services for institutions, starting with Circle's USDC
CoinDesk·
60-second summary
BNY Mellon, the world's largest custody bank, is expanding its stablecoin services for institutions by offering USDC custody and minting services, starting with Circle's USDC. This move marks a significant step in stablecoins' integration into traditional finance, as more institutions adopt these digital assets. Market implications include increased adoption and legitimacy for stablecoins.
The world's largest custody bank is adding USDC custody and minting services as stablecoins move deeper into traditional finance.