BNY Gives Institutions Power to Mint and Burn USDC Directly From Custody

BNY has added USDC mint and burn capabilities to its Digital Asset Custody platform, giving institutional clients a direct path between U.S. dollars and Circle’s stablecoin without leaving the bank’s infrastructure.

“As digital assets become increasingly integrated into financial markets, institutions need infrastructure that seamlessly works across traditional and blockchain-based systems,” said Carolyn Weinberg, Chief Product and Innovation Officer at BNY. “We’re expanding the ways clients can move value with the operational scale, trust and resiliency they expect from BNY.”