In a report published on November 12, 2026, at 20:39 (UTC+8), TechFlow said BitGo had extended its institutional stablecoin platform to USDC, citing The Block. Institutional clients can mint and redeem USDC within BitGo’s platform without building their own issuance and reserve-management infrastructure.
Minting creates stablecoin units; redemption is the process of exchanging them back through the service. USDC is issued by Circle and, at the time of the report, was the second-largest US dollar stablecoin by market capitalization.
The addition extends BitGo’s “Stablecoin-as-a-Service” offering, launched on October 20. BitGo described that offering as providing banks, fintech companies and other businesses with issuance, custody and reserve-management tools, including stablecoin minting and burning. BitGo said the service was aligned with requirements including the US GENIUS Act, but institutions remained responsible for their own legal and compliance reviews.
BitGo had not disclosed which blockchains the USDC integration covered, its fees or a launch timetable. The Block’s report did not name specific clients.