- BitGo has added USDC minting and redemption services to its Go Accounts.
- Eligible institutional customers can manage USDC transactions without opening a separate account with Circle.
- The service supports nine blockchain networks, with onchain transactions available around the clock, subject to network and account conditions.
BitGo Extends Stablecoin Services
Digital asset infrastructure firm BitGo has extended its stablecoin capabilities by enabling USDC minting and redemption on its GoAccounts. This will help eligible clients trade between fiat and USDC.
This service is available for eligible clients of BitGo’s digital asset trust bank subsidiary BitGo Bank & Trust, which is regulated by the U.S. Office of the Comptroller of the Currency.
USDC is live on BitGo Mint.
Now eligible clients can mint and redeem directly from your existing Go Account, without opening another account or managing a separate agreement.
Just USD 🔁 @USDC at a clear price, settled the same way you already move everything else.
Learn more: https://t.co/4gMTIdCWNe
— BitGo (@BitGo) November 12, 2026
Clients can create and track orders using the BitGo platform or API. Orders will be processed in BitGo’s Circle Mint account with flat fee pricing visible ahead of confirmation.
Multi-stablecoin Support
BitGo launched its Mint service in April 2023, but will now support another stablecoin with USDC. This will give institutions the ability to utilise a variety of stablecoins within a single account.
This aims to reduce any additional effort needed to manage multiple accounts.
“Institutions often incur additional overheads by utilising multiple digital assets. We want to make things easier for our clients by providing them with greater asset support within their existing infrastructure,” said Mike Belshe, CEO and co-founder of BitGo.
Nine Blockchain Network Support
The new USDC minting and redemption service supports nine blockchains including Ethereum, Solana, Base, Arbitrum, Polygon, Avalanche, HyperEVM, Monad and Aptos. Availability will depend on client location and account requirements.
Eligible on-chain orders will be able to be processed 24/7 depending on availability of the chain and account controls. Any movement of funds between banking accounts and the platform will still require adherence to standard banking hours.
The extension follows the launch of BitGo Global Markets, which provides institutions access to trading and financial products including crypto backed financing, options and swaps.
BitGo are slowly expanding their service offering for institutions and by adding stablecoin minting and redemption to their existing platform they hope to make it easier for businesses to manage their digital assets.
Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV
You need to login in order to Like
Leave a comment