BitGo has added $USDC minting and redemption to its Go Accounts, the digital asset infrastructure firm announced on Thursday.
The feature is available to eligible customers of BitGo Bank & Trust, the company’s subsidiary regulated by the Office of the Comptroller of the Currency. Institutions that already custody and trade with BitGo can now create and redeem one of the most widely used stablecoins without leaving the platform.
How the new $USDC workflow operates
A client deposits fiat currency into its Go Account, and the deposit funds the creation of new $USDC tokens.
Redemption works in reverse: clients send $USDC to be burned on-chain, permanently destroying the tokens and removing them from circulation, and receive the dollar value back.
According to a statement shared with The Block, clients can place and track $USDC orders through the BitGo platform or its API. The API option may be particularly useful for trading firms, as it allows them to integrate minting and redemption directly into their automated systems.
Speed is part of the pitch. Average fulfillment times are under 30 minutes for mints and under two hours for burns. However, actual timing depends on transaction volume and compliance requirements.
What Go Accounts already offered
Go Accounts support fiat and digital assets and include off-chain ledgering. This allows some fund movements to be recorded on BitGo’s internal books rather than broadcast to a blockchain each time.
Go Accounts also include $250M in insurance coverage when BitGo retains custody of the keys.
BitGo also has validation and reconciliation procedures for eligible clients minting $USDC.
BitGo’s broader stablecoin push
This is not BitGo’s first move into stablecoin issuance infrastructure. The company launched BitGo Mint in April 2026, initially supporting other stablecoins, including USD1 and SoFiUSD.
BitGo Holdings, Inc. trades on the New York Stock Exchange under the ticker BTGO. Founded in 2013, the company now serves thousands of institutions across the digital asset sector.
The service is aimed at market makers, asset managers, and banks.
The regulatory structure is the key differentiator. BitGo Bank & Trust is a nationally chartered bank overseen by the OCC, placing the minting and redemption activity within a federally supervised entity rather than an unregulated intermediary.
BitGo’s research summary describes the service as something that could help pave the way for broader stablecoin adoption in traditional finance.
