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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move that underscores the growing convergence between traditional banking and digital assets, BNY Mellon has added custody and minting services for Circle's USDC stablecoin, according to media reports. As the world's largest custody bank, the move signals strong institutional interest in integrating stablecoins into mainstream financial operations.
The announcement comes amid surging institutional usage of stablecoins, with other major banks also exploring similar services. BNY Mellon shares (BK) closed at $139.65 on June 3, 2026, per market data, trading within a range of $139.60–$141.23 during that session.
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Sign InInvestors are watching whether this stablecoin expansion will attract new institutional clients to BNY Mellon's platform and boost the bank's digital revenue. Markets are also eyeing any U.S. regulatory developments that could impact the stablecoin sector, potentially shaping the pace of institutional adoption.