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Stock impact report

BitGo Launches BitGo Mint, Native Stablecoin Minting and Redemption for Institutions

BitGo Holdings, Inc. Class A (BTGO) 
Company Research Source: Business Wire
New platform capability enables institutional clients a single destination to mint, redeem, and manage supported digital assets within BitGo's platform, launching with immediate access to SoFiUSD and USD1. NEW YORK--(BUSINESS WIRE)--BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo” or the “Company”), the digital asset infrastructure company, today announced the launch of BitGo Mint, a new capability within the BitGo platform that gives institutional clients a single destination to mint, redeem, and manage supported stablecoins and other digital assets. At launch, BitGo Mint supports minting and redemption for USD1 and SoFiUSD, both of which are supported by BitGo’s Stablecoin-as-a-Service offering.BitGo Mint simplifies the operational workflow for institutions engaging in minting and redeeming digital assets by reducing the need to coordinate across multiple service providers, systems and manual processes. Through BitGo Mint, clients can access mint and redeem functionality for supported Show less Read more
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