BitGo launches stablecoin minting and redemption services for institutional clients
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Foresight News reported that cryptocurrency infrastructure company BitGo has launched a new service that enables institutional clients to mint, redeem, and manage stablecoins and other digital assets. This new service initially offers minting and redemption for USD1 issued by World Liberty and SoFiUSD.
SoFiUSD is issued by SoFi Bank, which is a deposit institution regulated by the Office of the Comptroller of the Currency (OCC) and insured by the Federal Deposit Insurance Corporation (FDIC) in the United States.
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