BitGo launches BitGo Mint, an institutional stablecoin minting and redemption platform.

CoinFeed reported on April 2nd that, according to The Block, digital asset custody provider BitGo has launched BitGo Mint, offering institutional clients the ability to mint, redeem, and manage stablecoins and other digital assets. The initial offerings include the Trump-endorsed World Liberty stablecoin USD1, and SoFiUSD issued by SoFi Bank, regulated by the US OCC and insured by the FDIC. BitGo stated that the service targets market makers, liquidity providers, banks, exchanges, asset management firms, and fintech companies, aiming to integrate stablecoin minting and redemption processes into their existing custody and operations platforms, reducing operational complexity for institutions in the stablecoin business.