All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- BitGo has launched a new institutional service that lets clients mint, redeem, and manage stablecoins from within a single platform.
- The rollout begins with support for USD1 and SoFiUSD, extending BitGo’s push deeper into stablecoin infrastructure.
BitGo is moving further into the stablecoin plumbing business, this time with a product aimed squarely at institutions that want issuance and redemption built into the same workflow as custody and asset operations.
The company said its new service will allow institutional clients to mint, redeem, and manage stablecoins and other digital assets directly through its platform. The initial launch includes support for USD1, the stablecoin tied to World Liberty, and SoFiUSD, issued by SoFi Bank, an OCC-regulated and FDIC-insured depository institution.
BitGo moves closer to the issuance layer
That matters because stablecoin infrastructure is increasingly becoming a scale business, and not just a custody one. Institutions do not merely want a place to hold assets anymore. They want fewer operational handoffs between issuance, settlement, treasury management, and redemptions.
BitGo is clearly trying to meet that demand by pulling minting and redemption into the same environment clients already use for digital asset operations.
Mike Belshe, the company’s chief executive and co-founder, framed the launch around that operational point, saying institutional users want infrastructure that is efficient, scalable and built for control. He added that BitGo Mint is designed to reduce complexity by unifying those steps inside one workflow.
Stablecoin competition shifts to infrastructure
The launch also says something broader about where the market is heading. Stablecoin growth is no longer just a story about issuers and circulating supply. It is increasingly about who controls the rails around issuance, redemption and compliance.
BitGo already provides infrastructure for USD1 and SoFiUSD, so this product deepens an existing role rather than opening a completely new line of business. Still, the move places the firm closer to a part of the stack that has become more strategically important as institutions look for regulated, operationally clean ways to move dollar-backed assets.
For firms entering stablecoins from the treasury, payments or settlement side, that kind of service can matter more than branding. The token itself is only one part of the equation. The harder question is whether institutions can mint, redeem and move it without adding another layer of friction.
