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Storyline

BNY expands USDC minting and redemption services for institutional clients

BNY Mellon, the world's largest custody bank, has enhanced its Digital Asset Custody platform by integrating USDC minting, redemption, custody, and transfer services.

Published 2026-06-29 14:46 UTCUpdated 2026-06-29 17:31 UTC
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Evidence trail (top sources)
top sources (4 domains)domains are deduped. counts indicate coverage, not truth.
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Overview

BNY Mellon, the world's largest custody bank, has enhanced its Digital Asset Custody platform by integrating USDC minting, redemption, custody, and transfer services.

Score total
1.83
Momentum 24h
4
Posts
4
Origins
4
Source types
2
Duplicate ratio
0%
Why now
  • Stablecoins like USDC are increasingly important for bridging crypto and traditional finance.
  • BNY's move reflects a broader trend of Wall Street institutions embracing digital assets.
  • The update comes as demand for seamless stablecoin services grows among institutional investors.
Why it matters
  • BNY Mellon's integration of USDC minting and redemption services facilitates easier stablecoin access for institutional clients.
  • This development signals growing acceptance and integration of stablecoins within traditional financial infrastructure.
  • The strengthened partnership between BNY and Circle could accelerate institutional adoption of crypto assets.
Continuity snapshot
  • Trend status: insufficient_history.
  • Continuity stage: broad_confirmed.
  • Current status: open.
  • 4 current source-linked posts are attached to this storyline.
All evidence
All evidence
CoinTelegraph - BNY adds USDC minting and redemption to institutional custody platform
cointelegraph.com · cointelegraph.com · 2026-06-29 16:10 UTC
BNY and Circle expand partnership, adding mint and burn capabilities for USDC
the_block_crypto · theblock.co · 2026-06-29 17:00 UTC
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Top publishers (this list)
  • cointelegraph.com (1)
  • coindesk.com (1)
  • the_block_crypto (1)
  • crypto.news (1)
Top origin domains (this list)
  • cointelegraph.com (1)
  • coindesk.com (1)
  • theblock.co (1)
  • crypto.news (1)