Circle announces expansion of its partnership with Bank of New York Mellon (BNY), with USDC becoming the first stablecoin supported on BNY's digital asset custody platform.


Institutional clients can custody, transfer, mint, and burn USDC through BNY, enabling integrated services for fiat and digital asset custody.
Circle stated that this move further expands BNY's role as the primary custodian of USDC reserves, and BNY plans to support more stablecoin issuers in the future.
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NightFlightPaperCrane
· 6h ago
The compliance moat of stablecoins has deepened another layer.
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AirdropArchivist
· 6h ago
Curious about which stablecoin BNY will integrate next.
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MirrorBallReflection
· 6h ago
Institutional clients no longer have to choose between compliance and efficiency.
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MildlyMEV
· 6h ago
Mint and Burn both go through traditional banks. Is this considered Web2.5?
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WhirlpoolInATeacup
· 6h ago
Circle's move is clever, turning the reserve bank into a distribution channel.
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