BitGo has expanded its institutional stablecoin platform to support USDC minting and redemption, according to a November 12, 2026 report by TechFlow citing The Block. Institutional clients can use the BitGo platform for those transactions without building their own issuance and reserve-management infrastructure. USDC is issued by Circle; the report does not say BitGo has become its issuer.
The addition extends BitGo’s Stablecoin-as-a-Service offering, launched on October 20, 2026. That offering provides banks, fintech firms and other businesses with issuance, custody and reserve-management tools, including stablecoin minting and burning. At the launch, BitGo said the offering was aligned with regulatory requirements such as the U.S. GENIUS Act, while institutions remained responsible for their own legal and compliance reviews.
BitGo had not disclosed which blockchains the USDC integration would cover, its fees or a rollout schedule. The Block’s report also did not name any customers.
Original report, published November 12, 2026 at 20:39 UTC+8.