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2026-06-29 17:45:02

A long-established custodian bank enters the fray to offer full USDC services—this signal is far more valuable than the announcement itself.

USDC0.01%

View Original

CoinNetwork2026-06-29 17:40:54

CoinWorld News: BNY has announced the addition of USDC issuance, redemption, custody, and transfer services to its digital asset custody platform. Institutional clients can directly access Circle’s stablecoin through the bank. BNY said this update allows customers to convert U.S. dollars into USDC and redeem stablecoins for U.S. dollars within the platform. BNY also plans to support more stablecoins and digital cash workflows in the future. The bank currently manages $59.3 trillion in assets and serves more than 90% of Fortune 100 companies. USDC is the second-largest stablecoin by market capitalization, with a circulating supply exceeding $73.8 billion.

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