US largest bank BNY Mellon becomes custodian of USDC steblecoin reserves

Home / US largest bank BNY Mellon becomes custodian of USDC steblecoin reserves

One of the largest banks in the U.S., BNY Mellon, will serve as the primary custodian of the USDC steiblocoin’s reserve assets. This was reported by Circle Internet Financial.
A bank spokesperson also confirmed that BNY Mellon currently holds USDC reserve assets.
USDC is the second most stable coin in the cryptocurrency market, behind only Tether (USDT).

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