BitGo adds USDC issuance and redemption features for institutional clients
Original headline비트고, 기관 고객에 USDC 발행·상환 기능 추가
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BitGo has added USDC minting and redemption for eligible institutional clients through its Go Account, routing orders via the firm's Circle Mint account. The feature is limited to qualified BitGo Bank & Trust customers and varies by account eligibility and jurisdiction. Clients select the asset, amount, and network within BitGo Mint, track order status in Go Account, and receive completed assets in the same account; minting converts dollars into USDC and redemption converts USDC back into dollars. The move deepens BitGo's stablecoin infrastructure for institutions by letting them issue and redeem USDC directly within its custody and account environment rather than through external venues. What to watch next is whether BitGo expands eligibility beyond qualified Bank & Trust clients and adds support for additional stablecoins or networks.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
BitGo, USDC, Circle (CRCL), Go Account, BitGo Bank & Trust
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