According to The Block, institutional digital asset custody provider BitGo has officially launched BitGo Mint, enabling institutional clients to mint, redeem, and manage stablecoins and other digital assets within a unified workflow. The service initially supports USD1, issued by World Liberty Financial, and SoFiUSD, issued by SoFi Bank, which is regulated by the OCC and insured by the FDIC. BitGo previously provided infrastructure support for both of these stablecoins at the end of last year.
BitGo Launches Stablecoin Minting and Redemption Service for Institutions
TechFlowShare
Summary
Institutional adoption continues as BitGo launches BitGo Mint, a service enabling institutional clients to mint, redeem, and manage stablecoins and digital assets within a single workflow. The service supports USD1 from World Liberty Financial and SoFiUSD from SoFi Bank, both of which are OCC-regulated and FDIC-insured. BitGo already provided infrastructure for these stablecoins late last year. This digital asset development represents another step in expanding institutional-grade tools for stablecoin management.
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