Circle: USDC Becomes the First Supported Stablecoin on BNY’s Digital Asset Custody Platform

Odaily Planet Daily News: Circle announced on X that USDC, issued by Circle, will become the first stablecoin supported on the digital asset custody platform of financial services company BNY. The two parties are deepening their collaboration on institutional-grade stablecoin services. BNY clients can now hold USDC in their digital asset custody wallets and instruct BNY to direct Circle to mint dollars into USDC or redeem USDC for dollars, covering the full lifecycle of institutional stablecoin operations.