NCFAs 6th Annual Summer Kickoff Rooftop Patio Mixer July 14

Circle Partners with BNY Mellon to Provide Custody Services for It’s USDC Reserves

Circle Internet Financial | Release | Mar 31 ,2022

circle and BYN mellon - Circle Partners with BNY Mellon to Provide Custody Services for It's USDC ReservesBOSTON , March 31, 2022 /PRNewswire/ -- Today Circle Internet Financial, LLC (Circle) announced that BNY Mellon, the largest global asset servicer, was selected as a primary custodian for USD Coin (USDC) reserves. Circle is a global internet finance firm that provides internet-based payments and financial infrastructure to businesses of all sizes and is the sole issuer of USDC. USDC is one of the fastest growing dollar digital currencies in the world with over $52 billion in circulation as of March, 20221.

See:  As regulators scrutinize stablecoins Circle pushes financial inclusion

BNY Mellon has been a pioneer in the global capital markets for over 237 years. The firm is committed to advancing a stable and resilient financial ecosystem to enable economic growth. This newly announced relationship between BNY Mellon and Circle will facilitate an exchange of expertise on a range of topics across digital and traditional markets, including the bridging of traditional and digital capital markets, investment management, digital asset custody, cash management for fiat and non-fiat payments, and the exploration of digital cash for purposes of settlement.

Roman Regelman, CEO of Asset Servicing and Head of Digital at BNY Mellon:

"We are at a point in the evolution of our industry where the digitization of assets is presenting new and exciting opportunities to a broad range of market participants. BNY Mellon continues to provide products and services to players in this evolving market.  Our role as a custodian for USDC reserves supports the broader marketplace and brings value to clients, founded on our role at the intersection of trust and innovation."

Read:  Banks in US Can Now Offer Crypto Custody Services, Regulator Says

Jeremy Allaire, Co-Founder and CEO at Circle:

"Building trust, stability and resilience in the digital asset economy is foundational to Circle's mission. As we continue to see exponential growth in USDC, the opportunity to work with BNY Mellon is one way we build bridges between traditional financial services and emerging digital asset markets, without sacrificing trust. Together, we will leverage our respective areas of expertise to innovate and build the financial ecosystem of the future."

View the original release --> here


NCFA Jan 2018 resize - Circle Partners with BNY Mellon to Provide Custody Services for It's USDC ReservesThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Circle Partners with BNY Mellon to Provide Custody Services for It's USDC ReservesFF Logo 400 v3 - Circle Partners with BNY Mellon to Provide Custody Services for It's USDC Reservescommunity social impact - Circle Partners with BNY Mellon to Provide Custody Services for It's USDC Reserves

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - Circle Partners with BNY Mellon to Provide Custody Services for It's USDC Reserves



Not to be missed! Registration NOW OPEN!

Help us kickoff the Summer in style


NCFA Summer Kickoff Jul 14 2022 800 - Circle Partners with BNY Mellon to Provide Custody Services for It's USDC Reserves




 

Leave a Reply

Your email address will not be published. Required fields are marked *