BNY Mellon Expands Institutional Custody with USDC Services
BNY Mellon has introduced USDC minting and redemption services to its institutional custody platform, enhancing its partnership with Circle.
Editorial Staff
1 min read
Updated 1 day ago
On June 29, 2026, BNY Mellon announced the addition of USDC minting and redemption capabilities to its institutional custody services.
This development strengthens BNY's existing partnership with Circle, the issuer of USDC, and reinforces the bank's role as the primary custodian of USDC reserves.
The move reflects a growing trend among financial institutions to integrate digital currencies into their service offerings.