{"url":"https://newsforagent.com/news/2026-11-12/bitgo-usdc-minting-redemption-go-accounts","markdown_url":"https://newsforagent.com/news/2026-11-12/bitgo-usdc-minting-redemption-go-accounts.md","title":"BitGo Adds USDC Minting and Redemption to Go Accounts","headline":"BitGo Adds USDC Minting and Redemption for Eligible BitGo Bank & Trust Clients","description":"BitGo adds USDC minting and redemption to Go Accounts for eligible BitGo Bank & Trust clients, routing orders through Circle Mint.","section":"Product Launches","published_at":"2026-11-12T13:08:15+00:00","modified_at":"2026-11-12T13:08:15+00:00","author":"News Desk","key_takeaways":["BitGo added USDC minting and redemption to its Go Accounts for eligible BitGo Bank & Trust customers.","Orders route through BitGo's Circle Mint account with flat fees shown before clients confirm a transaction.","USDC is supported on Ethereum, Solana, Base, Arbitrum, Polygon, Avalanche, HyperEVM, Monad and Aptos, subject to jurisdiction and account requirements."],"companies":[{"name":"BitGo","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000028/bitgo","website":"https://www.bitgo.com"},{"name":"Circle","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000004j/circle","website":"https://www.circle.com"}],"source":{"publisher":"TradingView","title":"BitGo expands institutional stablecoin minting and redemption platform with USDC","url":"https://www.tradingview.com/news/the_block:3bf0f3aa3094b:0-bitgo-expands-institutional-stablecoin-minting-and-redemption-platform-with-usdc/"},"other_sources":[],"tags":["Product Launches","BitGo","Circle"],"body_markdown":"BitGo added USDC minting and redemption to its Go Accounts on November 12, 2026, for eligible customers of BitGo Bank & Trust, its digital asset trust bank subsidiary regulated by the Office of the Comptroller of the Currency. The digital asset infrastructure firm announced the service on Thursday, [TradingView](https://www.tradingview.com/news/the_block:3bf0f3aa3094b:0-bitgo-expands-institutional-stablecoin-minting-and-redemption-platform-with-usdc/) reported.\n\n## How BitGo Routes USDC Orders Through Circle Mint\n\nClients can initiate and monitor USDC orders on the [BitGo](https://akta.pro/company-profiles/0000028/bitgo) platform or through its API. BitGo routes the orders through its [Circle](https://akta.pro/company-profiles/000004j/circle) Mint account and charges flat fees that clients see before they confirm the transaction.\n\nBitGo first offered minting and redemption for World Liberty Financial's USD1 and SoFi Bank's SoFiUSD when it launched its Mint service in April, giving institutions access to supported assets without managing a separate relationship with each issuer. \"The more assets an institution uses, the more work it takes to manage separate accounts and issuer relationships,\" CEO and co-founder Mike Belshe said in the statement. \"We're building on the infrastructure our clients already use so they can access more assets through one BitGo account.\"\n\nThe service supports USDC on Ethereum, Solana, Base, Arbitrum, Polygon, Avalanche, HyperEVM, Monad and Aptos, with availability depending on jurisdiction and other account requirements. Onchain components of eligible orders can be processed 24 hours a day, seven days a week, subject to network availability and account controls, while clients funding or withdrawing fiat work within applicable banking processing windows and settlement times.\n\nCircle minted approximately 500 million USDC on the Solana blockchain within 24 hours, according to SolanaFloor data cited by Crypto Briefing, a minting that increases USDC supply without necessarily putting the tokens into active circulation.\n\n## BitGo's Revenue and Funding Records\n\nBitGo reported $16.2 billion in 2025 revenue, debuting at No. 273 on the 2026 Fortune 500 in its first year as a public company, according to akta.pro [company records](https://akta.pro/company-data). The same records show 2025 year-over-year revenue growth of 425%, attributed largely to crypto market activity and institutional custody demand, and $2.6 billion in proceeds from its January 22, 2026 IPO on the New York Stock Exchange, with 11,821,595 shares sold at $18 per share; one source cites $213 million raised at IPO.\n\n## Earlier BitGo Launches Before USDC\n\nBitGo launched BitGo Global Markets on November 4, a trading and financing division for institutions, openPR.com reported. SoFi's bank-issued stablecoin SoFiUSD expanded to the Monad blockchain in August 2026 with BitGo providing infrastructure, Crypto Briefing reported. BitGo launched BitGo Labs, an innovation unit focused on AI and crypto, after unveiling its Model Context Protocol Server and BitGo Assist, Crypto Briefing reported on October 21.\n\nThe USDC service follows the launch of BitGo Global Markets, led by former NYDIG executive Pete Janney, to offer institutional trading and financial services including crypto-backed financing, options and swaps. That launch followed BitGo's acquisition of NYDIG's institutional trading business on August 27, after which about 30 employees joined the company.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}