USDC Becomes First Stablecoin on BNY Mellon's Digital Asset Custody Platform, Ushering Institutional-Grade Stablecoin Services
Circle's USDC stablecoin has been officially integrated into BNY Mellon's digital asset custody platform, becoming the first stablecoin supported. The two parties deepen collaboration to provide institutional clients with the full lifecycle of stablecoin services—from USD minting to redemption. Circle's Chief Business Officer Kash Razzaghi stated that the partnership bridges on-chain assets with traditional assets, with future plans to expand to more stablecoin issuers and digital cash workflows. This marks a key milestone for traditional finance giants entering compliant stablecoin custody.

