BitGo has added USDC minting and redemption to its Go Accounts, giving eligible institutional clients a way to create and retire the stablecoin without leaving the platform. The company announced the change on Thursday. The service is available through BitGo Bank & Trust, a subsidiary regulated by the Office of the Comptroller of the Currency. That matters for clients who want the work inside a federally supervised bank rather than an unregulated intermediary.
How the process works
A client deposits fiat currency into a Go Account. Those funds support the creation of new USDC tokens. Redemption works in reverse. The client sends USDC to be burned on-chain, which permanently removes the tokens from circulation, and the dollar value returns to the client. Orders can be placed and tracked through the BitGo platform or through its API. For trading firms, the API route may be the more useful option because it can connect minting and redemption to their own automated systems.
BitGo says average fulfillment times are under 30 minutes for mints and under two hours for burns. The company also notes that actual timing depends on transaction volume and compliance requirements. That caveat is worth keeping in mind. Fast settlement is helpful, but it is not a guarantee in every case.
What Go Accounts already do
Go Accounts support fiat and digital assets. They also include off-chain ledgering, which means some fund movements can be recorded on BitGo’s internal books instead of being broadcast to a blockchain each time. The accounts carry insurance coverage of $250 million when BitGo retains custody of the keys. BitGo also has validation and reconciliation procedures for eligible clients that mint USDC.
This is not BitGo’s first stablecoin-related product. The company launched BitGo Mint in April 2026, initially supporting stablecoins including USD1 and SoFiUSD. BitGo Holdings, Inc. trades on the New York Stock Exchange under the ticker BTGO. Founded in 2013, the company says it serves thousands of institutions across the digital asset sector.
Who the service targets
The target clients are market makers, asset managers, and banks. For those groups, the regulatory setup may be the main draw. BitGo Bank & Trust is a nationally chartered bank overseen by the OCC. That puts minting and redemption inside a supervised entity. BitGo’s own research summary says the service could help support broader stablecoin use in traditional finance. That is a forward-looking claim, not a settled outcome. Still, the combination of custody, trading, and now USDC issuance in one account gives institutional clients one less handoff to manage.
