Wall Street's BNY expands stablecoin services for institutions, starting with Circle's USDC

BNY Mellon, the oldest bank in America, is expanding its stablecoin services for institutional clients. The bank has integrated Circle's USDC as the first supported stablecoin within its ecosystem. This strategic move enables institutional users to perform several key operations, including the ability to store, mint, redeem, and transfer USDC. By incorporating USDC, BNY Mellon provides its professional clientele with enhanced digital asset capabilities and streamlined financial infrastructure for managing stablecoin transactions.