Crypto infrastructure firm BitGo has launched a new service that allows institutional clients to mint, redeem, and manage stablecoins and other digital assets, according to a Thursday statement.
The new service kicks off offering minting and redemption for Trump-backed World Liberty’s USD1 and SoFiUSD, which is issued by SoFi Bank, an OCC-regulated, FDIC-insured depository institution. BitGo launched at the end of last year and supplies infrastructure for USD1 and SoFiUSD.
“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.”
BitGo seeks to service “market makers, liquidity providers, banks, exchanges, asset managers, and fintechs” that seek to mint their own stablecoins.
The introduction of the service comes as the global stablecoin market continues to grow and major payments companies lean more heavily into using the USD-pegged tokens. Companies like PayPal, Barclays and Western Union have either launched or are investing in stablecoin infrastructure.
Mizuho analysts recently described BitGo as a “military-grade custodian.” They cited the company’s security track record and its focus on institutional clients as key advantages in an increasingly competitive custody market.
BitGo’s shares closed up 1.94% at $8.39 on Wednesday, and are down over 50% since its January IPO.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
