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

Circle's USDC stablecoin has become the first stablecoin supported by BNY Mellon for institutional clients. The partnership between Circle and BNY Mellon expands their existing collaboration, allowing clients to store, transfer, mint, and burn USDC via BNY custody.

This integration is significant as it strengthens crypto institutional adoption, stablecoin infrastructure, and on-chain liquidity for custody and DeFi use cases.