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BNY Adds USDC Custody and Minting for Institutional Clients

2026-06-29 18:35:53

Abstract generation in progress

BNY added USDC to its Digital Asset Custody platform, extending stablecoin access through a bank with $59.4 trillion in assets under custody and administration. USDC is the first stablecoin supported on the platform. Institutional clients can store, transfer, mint, and redeem Circle's dollar-pegged token in one environment. BNY said it plans to extend the capability to additional stablecoin issuers over time.

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