BitGo Brings USDC Minting and Redemption Into Go Accounts
Key Highlights
- ➤BitGo adds USDC minting and redemption to eligible Go Accounts
- ➤USDC access routes through BitGo’s Circle Mint account with pre-disclosed flat fees
- ➤Launch supports Ethereum, Solana, Base, Arbitrum, Polygon, Avalanche, HyperEVM, Monad, and Aptos
- ➤Clients can initiate and monitor USDC orders through BitGo’s platform or API
- ➤USDC joins USD1 and SoFiUSD on BitGo Mint
Expert Statements
Mike Belshe, CEO and Co-founder of BitGo
“The more assets an institution uses, the more work it takes to manage separate accounts and issuer relationships”
Mike Belshe, CEO and Co-founder of BitGo
“Bringing USDC minting and redempting into the BitGo Go Accounts removes some of that work. We're building on the infrastructure our clients already use so they can access more assets through one BitGo account.”
BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo”), the digital asset infrastructure company, today announced the addition of USDC to BitGo Mint. Eligible clients of BitGo Bank & Trust, National Association (“BitGo Bank & Trust”), BitGo’s OCC-regulated digital asset trust bank subsidiary, can now submit orders to mint and redeem USDC directly from their existing Go Account, routed through BitGo's Circle Mint account with flat, predictable, pre-disclosed fees before the order is confirmed.
Establishing a direct relationship with an individual asset issuer can require a separate agreement, onboarding process, account, and ongoing operational resources. For many institutional clients, that overhead isn't justified for a single asset, so teams that want direct mint and redeem access have had to build and maintain it themselves. BitGo brings the mint and redemption process into the account and operational workflows its clients already use.
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