TL;DR:
- BitGo launched Mint, a platform that allows institutional clients to issue, redeem, and manage stablecoins from a single operating environment.
- The service debuts with support for USD1, the stablecoin backed by World Liberty Financial, and SoFiUSD, issued by SoFi Bank.
- Mizuho analysts recently described BitGo as a “military-grade” custodian for its security track record and institutional focus.
BitGo launched Mint, a new feature within its platform that unifies the operations of issuance, redemption, and management of stablecoins for institutional clients into a single environment.
For now, BitGo Mint offers support for two assets: USD1, the stablecoin backed by World Liberty Financial —an initiative linked to Donald Trump— and SoFiUSD, issued by SoFi Bank, a depository institution regulated by the OCC and insured by the FDIC. The exchange already supplied infrastructure for both stablecoins through its Stablecoin-as-a-Service product.
A New Institutional Proposition From BitGo
The platform aims to reduce the operational fragmentation experienced by banks, exchanges, asset managers, market makers, and fintechs, coordinating minting and redemption processes across multiple providers. BitGo Mint integrates regulated custody services, policy controls, compliance infrastructure, and reporting within a single system.
“Institutional clients want digital asset infrastructure that is operationally efficient, scalable, and designed for control,” said Mike Belshe, CEO and co-founder of BitGo. “Mint brings minting and redemption into a unified institutional workflow, helping clients reduce operational complexity.”
The company indicated that, over time, it will expand native issuance and redemption support to other digital assets, including tokenized financial products such as money market funds.
Military-Grade Custody
The global stablecoin market continues to expand at an accelerated pace. According to the latest data from DefiLlama, the total market capitalization of stablecoins stands at around $316 billion. USDT holds a dominance of 58.2%, with just over $184 billion in circulation, followed by USDC with approximately $77 billion.
Companies such as PayPal, Barclays, and Western Union have launched or are investing in infrastructure for these assets. Mizuho analysts recently described BitGo as a “military-grade” custodian, highlighting its security track record and institutional positioning as competitive advantages in an increasingly crowded market.
