BitGo institutional stablecoin minting and redemption platform adds USDC
Original headlineBitGo 机构稳定币铸造与赎回平台新增 USDC
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BitGo has extended its institutional stablecoin minting and redemption platform to USDC, letting institutional clients mint and redeem the Circle-issued token directly within BitGo rather than building their own issuance and reserve infrastructure. The move builds on BitGo's Stablecoin-as-a-Service offering launched October 20, which provides issuance, custody and reserve-management tools to banks, fintechs and corporates and which BitGo said aligns with U.S. requirements such as the GENIUS Act, though legal and compliance reviews remain with the institutions. USDC is the second-largest dollar stablecoin by market capitalization. BitGo did not disclose which blockchains the integration covers, its fee schedule or a launch timetable, and The Block's report named no specific clients. It matters as another sign of custody firms positioning themselves as neutral infrastructure for regulated stablecoin issuance; watch for details on supported chains, pricing and named institutional users.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
BitGo, USDC, Circle (CRCL), GENIUS Act, The Block
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