Wall Street’s BNY expands stablecoin services for institutions, starting with Circle’s USDC
The world’s largest custody bank is adding USDC custody and minting services as stablecoins move deeper into traditional finance.
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Summary
- BNY will let institutional clients custody, mint and redeem Circle’s USDC through its digital asset platform.
- The bank plans to expand the service to additional stablecoin issuers over time.
- The move reflects growing demand from traditional financial institutions for regulated stablecoin infrastructure.
