Circle Chooses BNY Mellon to Custody USDC Reserves
April 1, 2022
Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the second-largest stablecoin with a current market capitalization of $51.6 billion.
BNY Mellon to Become USDC’s Primary Custodian
Circle has chosen America’s oldest investment bank to custody the…