BitGo Adds USDC to Institutional Stablecoin Minting and Redemption Platform

TechFlow: On November 12, according to The Block, crypto custodian BitGo has expanded its institutional stablecoin minting and redemption platform to USDC, allowing institutional clients to directly mint and redeem USDC within the BitGo platform without building their own issuance and reserve management infrastructure.

This capability is an extension of BitGo's "Stablecoin-as-a-Service," launched on October 20. Tailored for banks, fintech companies, and general enterprises, the solution provides issuance, custody, and reserve management tools, including stablecoin minting and burning. BitGo stated at the time that the offering aligns with regulatory requirements such as the U.S. GENIUS Act, though legal and compliance reviews remain the responsibility of the institutions themselves.

Issued by Circle, USDC is the second-largest dollar-pegged stablecoin by market capitalization. BitGo has not yet disclosed the supported blockchains, fee structure, or launch timeline for this integration, and The Block's report did not provide a specific client list.