BitGo Launches BitGo Mint Institutional Minting Service, Initially Supporting USD1 and SoFiUSD

Odaily News Digital asset custodian BitGo has launched the BitGo Mint service, offering institutional clients the ability to mint, redeem, and manage stablecoins and other digital assets. The service initially supports the Trump-endorsed World Liberty stablecoin USD1, as well as SoFiUSD issued by SoFi Bank, which is regulated by the U.S. OCC and insured by the FDIC. BitGo stated that the service targets market makers, liquidity providers, banks, exchanges, asset management firms, and fintech companies, aiming to integrate stablecoin minting and redemption processes into their existing custody and operational platforms, thereby reducing operational complexity for institutions in the stablecoin business. (The Block)