[Circle: USDC Becomes the First Supported Stablecoin on BNY Digital Asset Custody Platform] BlockBeats News, June 29, according to official sources, USDC issued by Circle will become the first supported stablecoin on the digital asset custody platform of global financial services company BNY. The two parties are deepening their collaboration on institutional-grade stablecoin services. BNY clients can now hold USDC in their digital asset custody wallets and instruct Circle via BNY to mint USDC from USD or redeem USDC back into USD, covering the full lifecycle of institutional stablecoin operations. Circle Chief Business Officer Kash Razzaghi stated that this collaboration is an extension of the long-term relationship between the two parties, connecting on-chain assets with traditional assets for BNY clients. In the future, the two parties plan to expand this capability to more stablecoin issuers and digital cash workflows. [Original Link]