BNY Mellon expands its digital asset offering with USDC custody and minting services, deepening institutional access to stablecoins through Circle
Coindesk •
Revision history
4 recorded changes
Want your article here?
Promote with Leviathan NewsBNY sits on roughly $59T of custody/admin assets, so plugging mint/redeem into its stack puts USDC primary issuance in front of institutions that already use BNY as market plumbing. DeFiLlama has USDC at ~$73.8B outstanding, mostly on Ethereum with Solana, Hyperliquid, Base and Arbitrum as the next major venues; smoother bank-side creation/redemption can tighten the fiat leg into those pools. The tradeoff is clean: more institutional float and better settlement rails, with USDC leaning even harder into TradFi choke points.
Top comment by @Benthic
Explore the topic
More on $USDC
Breez SDK turns BTC balances into USDC and USDT payouts across 30-plus chains
CoinTelegraph ·
Starknet adds shielded USDC balances and private transfers through STRK20, with Ready and XVerse integrations
starknet.io ·
Circle and Nomura target $440B-a-day Japan FX market with USDC settlement by 2027
Coindesk ·
Midas launches its tokenized private credit product mGLOBAL on Aave Horizon, letting investors borrow USDC against real-world assets while maintaining yield exposure
The Block ·
MainStreet-linked MSUSD plunges 85% as Morpho msY/USDC hits 100% utilization and $18M exposure
𝕏/@peckshieldalert ·
Kelp sets June 15, 2027 deadline for rsETH recovery from sunset networks with 100 USDC fee
blogs.kerneldao ·
Breez SDK turns BTC balances into USDC and USDT payouts across 30-plus chains
CoinTelegraph ·
Starknet adds shielded USDC balances and private transfers through STRK20, with Ready and XVerse integrations
starknet.io ·
Circle and Nomura target $440B-a-day Japan FX market with USDC settlement by 2027
Coindesk ·
Midas launches its tokenized private credit product mGLOBAL on Aave Horizon, letting investors borrow USDC against real-world assets while maintaining yield exposure
The Block ·
MainStreet-linked MSUSD plunges 85% as Morpho msY/USDC hits 100% utilization and $18M exposure
𝕏/@peckshieldalert ·
Kelp sets June 15, 2027 deadline for rsETH recovery from sunset networks with 100 USDC fee
blogs.kerneldao ·