JCB Signs MoU with Circle to Develop USDC-Based Payment Services

BNY announced on Jun 29, 2026 an expanded relationship with Circle Internet Group as part of new stablecoin enablement capabilities for institutional clients. Circle's USDC is the first stablecoin available on BNY's Digital Asset Custody platform. BNY clients can now hold USDC in their digital asset custody wallets and instruct Circle through BNY to mint U.S. dollars into USDC or burn USDC back to U.S. dollars.

The launch extends BNY's existing role as primary custodian of USDC reserves. These capabilities link fiat and digital asset custody services within a single institutional framework. BNY plans to expand support to additional stablecoin issuers and digital cash workflows over time.