• BNY added native USDC mint and burn capabilities to its Digital Asset Custody platform.
• Institutional clients can now mint, redeem, custody and transfer USDC through a single banking interface.
• The expansion deepens BNY’s role in the stablecoin ecosystem as institutional adoption continues to accelerate.
BNY has expanded its partnership with Circle by integrating native USDC mint and redemption capabilities into its Digital Asset Custody platform, allowing institutional clients to convert U.S. dollars into USDC – and redeem the stablecoin back into fiat – without leaving the bank’s custody infrastructure.
The announcement represents another step in the convergence of traditional banking and blockchain-based payments, enabling institutions to manage cash, custody and stablecoin operations through a single regulated platform.
Expanding Institutional Access to Stablecoins
For institutional treasury teams, the traditional workflow of moving between fiat and stablecoins

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