Circle: USDC Becomes the First Stablecoin Supported by BNY’s Digital Asset Custody Platform
2026.06.29 20:37:24
According to official announcements, Circle-issued USDC will become the first stablecoin supported on the digital asset custody platform of global financial services firm BNY, as the two parties deepen their cooperation on institutional-grade stablecoin services. BNY clients can now hold USDC in their digital asset custody wallets, and instruct Circle via BNY to mint USDC from U.S. dollars or redeem USDC back to U.S. dollars, covering the full lifecycle of institutional stablecoin operations. Kash Razzaghi, Circle’s Chief Commercial Officer, stated that this partnership is a continuation of the two firms’ long-standing relationship, bridging the gap between on-chain assets and traditional assets for BNY clients. Going forward, the two sides plan to expand this capability to additional stablecoin issuers and digital cash workflows.
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