BitGo launches stablecoin minting and redemption services for institutions

Institutional-grade digital asset custody service provider BitGo has officially launched the BitGo Mint service, allowing institutional clients to mint, redeem, and manage stablecoins and other digital assets within a unified workflow.

The service initially supports USD 1 issued by World Liberty Financial, as well as SoFi USD issued by SoFi Bank, which is regulated by the OCC and insured by the FDIC. BitGo had previously provided infrastructure support for these two stablecoins at the end of last year.