{"id":74718,"date":"2026-06-29T18:35:36","date_gmt":"2026-06-29T18:35:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bny-gives-institutions-power-to-mint-and-burn-usdc-directly-from-custody\/"},"modified":"2026-06-29T18:35:36","modified_gmt":"2026-06-29T18:35:36","slug":"bny-gives-institutions-power-to-mint-and-burn-usdc-directly-from-custody","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bny-gives-institutions-power-to-mint-and-burn-usdc-directly-from-custody\/","title":{"rendered":"BNY Gives Institutions Power to Mint and Burn USDC Directly From Custody"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">BNY added USDC mint and burn to its custody platform on June 29, 2026, in a deal with Circle.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">BNY oversees $59.3 trillion in assets, giving the new USDC services immediate institutional scale.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Circle plans to expand stablecoin support beyond USDC to additional issuers on BNY\u2019s platform.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>What BNY Is Offering<\/h2>\n<p>The bank announced the expanded relationship with <a href=\"https:\/\/news.bitcoin.com\/ark-invest-buys-coinbase-circle-bullish-robinhood-dip\/\">Circle<\/a> Internet Group on June 29, 2026. Under the new arrangement, BNY clients can hold USDC in digital asset custody wallets at BNY and instruct Circle to convert U.S. dollars into USDC or redeem USDC back into fiat. The full cycle, from fiat to <span>stablecoin<\/span> and back, now operates within a single institutional framework.<\/p>\n<p>USDC is the first <span>stablecoin<\/span> included on BNY\u2019s Digital Asset Custody platform. BNY said it plans to add support for other <span>stablecoin<\/span> issuers over time.<\/p>\n<p>BNY already serves as primary custodian of USDC reserves. The new capabilities extend that role into active <span>stablecoin<\/span> operations for clients.<\/p>\n<h2>Why This Matters for Institutions<\/h2>\n<p>BNY oversees $59.3 trillion in assets under custody and administration as of Dec. 31, 2025, and counts more than 90% of Fortune 100 companies among its clients. Adding <span>stablecoin<\/span> mint and burn functions to that existing infrastructure gives institutional money managers a compliance-grade on-ramp to digital asset activity.<\/p>\n<p>\u201cAs digital assets become increasingly integrated into financial markets, institutions need infrastructure that seamlessly works across traditional and blockchain-based systems,\u201d said Carolyn Weinberg, Chief Product and Innovation Officer at BNY. \u201cWe\u2019re expanding the ways clients can move value with the operational scale, trust and resiliency they expect from BNY.\u201d<\/p>\n<p>Circle\u2019s Chief Commercial Officer, Kash Razzaghi, framed the deal as a natural extension of a longstanding relationship. \u201cBNY has always been where institutional finance moves first,\u201d he said, adding that making USDC the first <span>stablecoin<\/span> in BNY\u2019s new offering reflects the regulatory rigor Circle has built into the token from the start.<\/p>\n<h2>The Bigger Picture<\/h2>\n<p>The move comes as U.S. <a href=\"https:\/\/news.bitcoin.com\/polygon-80-billion-stablecoin-volume-may\/\">stablecoin<\/a> legislation, including the GENIUS Act, advances in Congress. Regulatory clarity is pushing major financial institutions to build out <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> infrastructure rather than wait. BNY\u2019s decision to offer full-lifecycle USDC services positions the bank ahead of that shift.<\/p>\n<p>Circle went public on the New York Stock Exchange (NYSE) under the ticker <a href=\"https:\/\/www.tradingview.com\/symbols\/NYSE-CRCL\/\" target=\"_blank\" rel=\"noopener noreferrer\">CRCL<\/a>. Shares jumped 1.88% following the news, but CRCL is down 30% over the last month. Its USDC <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> remains the second-largest dollar-denominated <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> by market share.<\/p>\n<p>BNY\u2019s Digital Assets platform is positioned to bridge traditional custody and cash management with blockchain-based settlement workflows. The bank has not disclosed pricing for the new <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> services.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bny-gives-institutions-power-to-mint-and-burn-usdc-directly-from-custody\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways BNY added USDC mint and burn to its custody platform on June 29, 2026, in a deal with Circle. BNY oversees $59.3 trillion in assets, giving the new USDC services immediate institutional scale. Circle plans to expand stablecoin support beyond USDC to additional issuers on BNY\u2019s [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":74719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74718"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74718"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74719"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}