BitGo announces launch of BitGo Mint

BitGo (BTGO) Holdings announced the launch of BitGo Mint, a new capability within the BitGo platform that gives institutional clients a single destination to mint, redeem, and manage supported stablecoins and other digital assets. At launch, BitGo Mint supports minting and redemption for USD1 and SoFiUSD, both of which are supported by BitGo’s Stablecoin-as-a-Service offering. “Institutional clients want digital asset infrastructure that is operationally efficient, scalable, and built for control,” said Mike Belshe, CEO and Co-founder of BitGo. “BitGo Mint brings minting and redemption into a unified institutional workflow, helping clients reduce operational complexity while operating within the platform they already use for digital asset operations. Stablecoins have become increasingly crucial, and BitGo Mint gives institutions the control and efficiency they need to operate at scale.”