USDC Becomes First Stablecoin Supported on BNY's Digital Asset Custody Platform

According to BlockBeats, on June 29, USDC became the first stablecoin supported on BNY's digital asset custody platform. BNY customers can now hold USDC in their digital asset custody wallets and instruct BNY to mint USD-backed USDC through Circle or redeem USDC for U.S. dollars, covering the full lifecycle of institutional stablecoin operations.
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