BNY Mellon just went full degen mode
America's OLDEST bank now supports $USDC through @circle on their institutional custody platform
What this means:
• Institutions can hold, transfer, mint & burn $USDC directly through BNY
• TradFi custody meets DeFi rails
• Cash management + crypto custody in one place
This isn't some pilot program. This is legacy banking infrastructure plugging directly into stablecoins.
When 240-year-old banks start treating $USDC like treasury management... the institutional floodgates are opening.
TradFi is here. The merge is happening.
America's OLDEST bank now supports $USDC through @circle on their institutional custody platform
What this means:
• Institutions can hold, transfer, mint & burn $USDC directly through BNY
• TradFi custody meets DeFi rails
• Cash management + crypto custody in one place
This isn't some pilot program. This is legacy banking infrastructure plugging directly into stablecoins.
When 240-year-old banks start treating $USDC like treasury management... the institutional floodgates are opening.
TradFi is here. The merge is happening.