BNY makes USDC the first stablecoin on its institutional custody platform

BNY (NYSE: BNY) has stated that it will let institutional clients hold, transfer, mint, and redeem Circle’s USDC through its digital asset custody platform. This move extends the bank’s relationship with Circle (NYSE: CRCL), positioning it as the primary hub for stablecoin operations in traditional finance. BNY made this announcement in a joint press release...