BitGo launches stablecoin minting and redemption for institutions
The Block
BitGo has introduced a new service allowing institutional clients to mint, redeem, and manage stablecoins directly within their existing digital asset workflows.Summary
Crypto infrastructure firm BitGo has launched a new service enabling institutional clients, such as banks, exchanges, and asset managers, to mint and redeem stablecoins. The platform currently supports World Liberty's USD1 and SoFiUSD. According to CEO Mike Belshe, the service aims to reduce operational complexity by integrating these processes into a unified institutional workflow. This move aligns with the growing adoption of stablecoins by major financial institutions and payments companies.
(Source：The Block)