According to ME News, on April 2 (UTC+8), cryptocurrency infrastructure company BitGo launched a new service enabling institutional clients to mint, redeem, and manage stablecoins and other digital assets. The new service initially offers minting and redemption services for USD1, issued by World Liberty, and SoFiUSD. SoFiUSD is issued by SoFi Bank, a deposit institution regulated by the U.S. Office of the Comptroller of the Currency (OCC) and insured by the Federal Deposit Insurance Corporation (FDIC). (Source: Foresight News)
BitGo Launches Stablecoin Minting and Redemption Service for Institutional Users
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Summary
On April 2 (UTC+8), BitGo announced a new service for institutional adoption, enabling clients to mint, redeem, and manage stablecoins and other digital assets. The offering supports USD1 from World Liberty and SoFiUSD, issued by FDIC-insured SoFi Bank. This move aligns with the growing momentum around real-world assets (RWA), as more institutions seek to integrate tokenized assets into their portfolios.
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