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BNY Mellon Integrates USDC Minting and Redemption on Institutional Custody Platform
BNY Mellon has integrated USDC minting and redemption services into its institutional custody platform, deepening its partnership with Circle.

BNY Mellon has integrated USDC minting and redemption services into its institutional custody platform, deepening its partnership with Circle.

BNY Mellon, the world's largest custody bank, is expanding its stablecoin services to institutional clients, starting with Circle's USDC custody and minting.

BNY Mellon observes that asset managers are actively exploring blockchain-based ETFs, driven by "FOMO" to secure an early position in tokenized finance.