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BNY and Circle Add USDC Mint-and-Burn Service for Institutions

2026-07-01 07:06:38

Abstract generation in progress

BNY and Circle expanded their partnership to add USDC custody, transfer, mint and burn capabilities for institutional clients. USDC will become the first supported asset on BNY’s Digital Asset Custody platform. Institutional clients can convert dollars into newly minted USDC or redeem USDC back into dollars through BNY.

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