BNY expands Circle partnership, adds USDC mint-and-burn to digital asset custody platform

Bank of New York Mellon Corp

Bank of New York Mellon Corp

BNY

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  • BNY expanded its relationship with Circle to add USDC stablecoin services for institutional clients on its Digital Asset Custody platform.
  • USDC becomes the first stablecoin supported, allowing clients to hold, transfer, mint, and burn USDC through BNY’s custody wallets.
  • The rollout extends BNY’s role as primary custodian of USDC reserves, linking fiat custody with on-chain activity in one operating framework.
  • BNY plans to broaden the stablecoin program over time to cover additional issuers and digital cash workflows.


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