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Deep TechFlow News, June 29 – According to official sources, Bank of New York Mellon (BNY) has announced an expanded partnership with Circle, integrating the USDC stablecoin into its digital asset custody platform, making it the first stablecoin supported on the platform. Institutional clients can custody and transfer USDC at BNY, and perform minting and redemption between USD and USDC through Circle.
Circle's Chief Business Officer Kash Razzaghi stated that this collaboration is a continuation of the long-standing relationship between the two parties, bridging on-chain assets and traditional assets for BNY clients. In the future, both parties plan to extend this capability to more stablecoin issuers and digital cash workflows.