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

Odaily reports that Circle announced on X platform that USDC, issued by Circle, will become the first stablecoin supported on financial services company BNY’s digital asset custody platform, as the two deepen their collaboration 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 US dollars or redeem USDC for US dollars, covering the full lifecycle of institutional stablecoin operations.