BNY Mellon to allow some customers to send and receive money from Circle to support stablecoin transactions

Odaily News Bank of New York Mellon (BNY) is expanding its services for stablecoin issuer Circle. People familiar with the matter said that the bank will allow some customers to send or receive money from Circle through BNY to buy or sell Circle's stablecoins. Previously, Circle's customers had to use small banks in the United States to send money to Circle, which may limit its development scale. (The Information)