Odaily Planet Daily reports that digital asset custodian BitGo has launched BitGo Mint, offering institutional clients services for minting, redeeming, and managing stablecoins and other digital assets. Initially supporting USD1, the stablecoin endorsed by Trump, and SoFiUSD, issued by SoFi Bank—a financial institution regulated by the U.S. OCC and insured by the FDIC. BitGo states that the service is designed for market makers, liquidity providers, banks, exchanges, asset managers, and fintech companies, aiming to integrate stablecoin minting and redemption processes into its existing custody and operational platform to reduce operational complexity for institutions in stablecoin-related activities. (The Block)
BitGo Launches BitGo Mint Service for Institutional Stablecoin Minting
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Summary
BitGo has launched the BitGo Mint service, enabling institutional adoption of stablecoin minting and management. The service supports USD1, backed by Donald Trump and issued by World Liberty, and SoFiUSD from FDIC-insured SoFi Bank. Targeting market makers, liquidity providers, and banks, the platform aims to streamline stablecoin operations by integrating minting and redemption into existing custody systems. This move aligns with growing institutional-grade infrastructure developments in the digital asset space.
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