ChainCatcher report, according to The Block, digital asset infrastructure company BitGo has added USDC minting and redemption functionality to its Go Account. This service is available to qualified clients of its subsidiary, BitGo Bank & Trust, a digital asset trust bank regulated by the U.S. Office of the Comptroller of the Currency (OCC). Clients can initiate and monitor USDC orders via the BitGo platform or through an API; BitGo processes these transactions through its Circle Mint account and charges a fixed fee, disclosed prior to client confirmation of the transaction.
This service supports USDC on Ethereum, Solana, Base, Arbitrum, Polygon, Avalanche, HyperEVM, Monad, and Aptos; availability depends on jurisdiction and account requirements. On-chain portions of eligible orders are processed 24/7, but fiat deposits and withdrawals are subject to banking processing windows and settlement times.
BitGo launched its Mint service in April this year, initially supporting USD1 by World Liberty Financial and SoFiUSD by SoFi Bank, enabling institutions to access these assets without establishing separate relationships with each issuer.
Mike Belshe, CEO and co-founder of BitGo, said that as institutions use more assets, the workload involved in managing individual accounts and relationships with issuers increases; the company is enabling clients to access additional assets through a single BitGo account, leveraging the infrastructure they already use.
The previous week, BitGo launched BitGo Global Markets, led by former NYDIG executive Pete Janney, offering institutional trading and financial services such as crypto-backed financing, options, and swaps; this business originated from the acquisition of NYDIG’s institutional trading division on August 27, bringing approximately 30 employees onboard.
BitGo Adds USDC Minting and Redemption for Institutional Clients
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Summary
BitGo has expanded its Mint offering to include USDC minting and redemption for institutional clients via its Go Account. The service, available through BitGo Bank & Trust, supports Ethereum, Solana, and other blockchains. Orders are processed through Circle Mint, with fixed fees disclosed upfront. The digital asset market continues to evolve as BitGo aims to streamline access for institutions. Fear and Greed Index movements remain a key indicator for traders monitoring sentiment shifts. BitGo’s Mint service, launched in April 2026, previously supported USD1 and SoFiUSD.
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