TechFlow news, June 29, according to official announcements, The Bank of New York Mellon (BNY) announced an expansion of its partnership with Circle, integrating the USD stablecoin USDC into its digital asset custody platform, becoming the first stablecoin supported by the platform. Institutional clients can complete USDC custody and transfers at BNY, and conduct minting and redemption operations between USD and USDC through Circle.
Circle Chief Commercial Officer Kash Razzaghi stated that this partnership is a continuation of the long-term relationship between both parties, bridging the connection between on-chain assets and traditional assets for BNY clients. In the future, both parties plan to expand this capability to more stablecoin issuers and digital cash workflows.
