Circle: USDC Becomes the First Stablecoin Supported by BNY Digital Asset Custody Platform

Odaily Odaily reports that Circle announced on X platform that USDC, issued by Circle, will become the first stablecoin supported by financial services company BNY's digital asset custody platform, with both parties deepening their collaboration on institutional-grade stablecoin services. BNY clients can now hold USDC in their digital asset custody wallets, and through BNY, instruct Circle to mint USDC from US dollars or redeem USDC for US dollars, covering the complete lifecycle of institutional stablecoin operations.