Circle: USDC becomes the first supported stablecoin on BNY’s digital asset custody platform
According to Foresight News, Circle’s blog reports that its issued USDC will become the first stablecoin supported on the global financial services company BNY’s digital asset custody platform, deepening institutional-level stablecoin service collaboration between both parties. BNY clients can now hold USDC in their digital asset custody wallets and instruct Circle through BNY to mint US dollars into USDC or redeem USDC for US dollars, covering the complete lifecycle of institutional stablecoin services. Circle Chief Business Officer Kash Razzaghi stated that this cooperation is an extension of their longstanding relationship, enabling BNY clients to bridge on-chain assets with traditional assets, and that both parties plan to expand this capability to more stablecoin issuers and digital cash workflows in the future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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