Two institutional moves today that barely made the headlines.
BNY Mellon just unlocked USDC minting and redemption for institutional clients.
BNY Mellon. The world’s largest custody bank. $49 trillion in assets under custody. Now directly integrated into Circle’s USDC infrastructure.
Every institutional client of BNY can now mint and redeem USDC natively through the same bank they use for their traditional assets. No crypto exchange needed. No separate wallet setup. Just their existing BNY relationship.
That’s what seamless institutional adoption looks like. Not a press release about exploring blockchain. An actual product, live today.
And Tom Lee is pushing Bitmine to acquire enough ETH to own 5% of the entire Ethereum supply.
5% of all ETH. From a single company. That is an extraordinary conviction bet on ETH’s future at $1,616 today. DYOR!!
BNY Mellon just unlocked USDC minting and redemption for institutional clients.
BNY Mellon. The world’s largest custody bank. $49 trillion in assets under custody. Now directly integrated into Circle’s USDC infrastructure.
Every institutional client of BNY can now mint and redeem USDC natively through the same bank they use for their traditional assets. No crypto exchange needed. No separate wallet setup. Just their existing BNY relationship.
That’s what seamless institutional adoption looks like. Not a press release about exploring blockchain. An actual product, live today.
And Tom Lee is pushing Bitmine to acquire enough ETH to own 5% of the entire Ethereum supply.
5% of all ETH. From a single company. That is an extraordinary conviction bet on ETH’s future at $1,616 today. DYOR!!