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 U.S. OCC-regulated, FDIC-insured bank. BitGo states that the service is designed for market makers, liquidity providers, banks, exchanges, asset managers, and fintech companies.
BitGo Launches Institutional Stablecoin Minting Service
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Summary
BitGo has launched the BitGo Mint service, expanding institutional adoption of digital assets. The platform enables institutional clients to mint, redeem, and manage stablecoins and other tokens. Initially, it supports USD1 from World Liberty and SoFiUSD from FDIC-insured SoFi Bank. BitGo stated that the service is designed for market makers, liquidity providers, banks, exchanges, and fintech companies. This digital asset update highlights new tools for institutional participants in the crypto space.
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