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Circle: USDC Becomes the First Stablecoin Supported on BNY’s Digital Asset Custody Platform
Svmuu News Circle posted on X stating that the USDC issued by Circle will become the first supported stablecoin on financial services firm BNY’s digital asset custody platform, and that the two parties are deepening their collaboration on institutional-grade stablecoin services.BNY clients can now hold USDC in their digital asset custody wallets and, through BNY, use the instruction Circle to mint USDC from U.S. dollars or redeem USDC for U.S. dollars, covering the entire lifecycle of institutional stablecoin operations.
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