BitGo launches institutional stablecoin minting service

Digital asset custodian BitGo has launched the BitGo Mint service, providing institutional clients with functions for minting, redeeming, and managing stablecoins and other digital assets. The first batch of World Liberty stablecoins supporting Trump's endorsement, USD1, and SoFiUSD issued by SoFi Bank, which is regulated by the US OCC and insured by the FDIC. BitGo states that the service is aimed at market makers, liquidity providers, banks, exchanges, asset management institutions, and fintech companies.