This Thursday (USDCCircle Operator AnnoucedBNY Mellon (NYSE) was chosen by the bank to hold its USDC reserve. BNY Mellon, founded in 1784 and with over $46.7 trillion of assets in custody or under administration around the world, is one among America’s oldest banks. This is a one-stop shop for investors who need to handle their investments. BNY Mellon announced that it would also investigate the use of digital cash to settle claims as part of the partnership. Roman Regelman is the CEO of asset servicing at BNY Mellon and also heads digital. He made these remarks:

Jeremy Allaire (co-founder and CEO of Circle) added the following: