BitGo adds USDC minting and redemption for institutional clients
Institutional users of BitGo’s Go Accounts can now issue and redeem USDC through the firm’s Circle Mint account.
Institutional users of BitGo’s Go Accounts can now issue and redeem USDC through the firm’s Circle Mint account. USDC (USDC) is trading at $0.9995. This is an original TLT brief based on reporting by The Block, with live market data added, as of Thu, 12 Nov 2026 13:30:06 UTC.
The service gives institutional clients an integrated route for creating and redeeming USDC, connecting a major dollar stablecoin with BitGo’s account infrastructure.
- BitGo clients can now mint and redeem USDC through Go Accounts
- Orders are handled through BitGo’s Circle Mint account
- USDC circulating supply is $69.66B
- USDC trades near $1 as the broader crypto market declines
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- BitGo adds USDC minting and redemption for institutional clients — this brief
BitGo has expanded its institutional platform with support for minting and redeeming 
USDC through Go Accounts, according to The Block. Institutional clients can use the feature to issue and redeem the stablecoin, with orders processed through BitGo’s Circle Mint account.
The announcement adds USDC functionality to a platform already positioned for institutional users. The reported service covers both sides of the stablecoin lifecycle: clients can mint new USDC and redeem existing units through the same Go Accounts infrastructure.
The development comes as USDC remains the world’s dollar-denominated stablecoin, with DeFiLlama reporting a circulating supply of $69.66 billion. Live market data put USDC’s market capitalization at $69.4 billion, broadly consistent with that supply figure.
USDC was trading at $0.999487, down 0.02% over 24 hours and 0.03% over seven days. Its price remained close to the $1 reference level while the broader crypto market moved lower: total market capitalization stood at $2.49 trillion, 
Bitcoin fell 1.26% over 24 hours, and the Fear & Greed index registered 28, indicating a Fear reading.
For institutional users, the significance lies in adding issuance and redemption access within an established account platform rather than only providing custody or market access. The announcement arrives amid weak broader-market sentiment, although the supplied data show no material near-term price dislocation for USDC. Key items to monitor include the scale of institutional adoption and continued stability around the $1 level.
Since this brief published about 56 minutes ago, USDC (USDC) has moved from $0.9995 to $0.9995 — +0.01%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₦1,404.04 (about $0.9995), down 0.0% over 24 hours. The naira itself trades about 4.1% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 12, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
BitGo adds USDC minting and redemption for institutional cli — questions & answers
What new USDC service did BitGo launch?
Institutional clients can now mint and redeem USDC through BitGo’s Go Accounts, according to The Block.
How are USDC orders handled?
Orders are processed through BitGo’s Circle Mint account.
How large is the USDC supply?
DeFiLlama reports a circulating supply of $69.66 billion, while live market data put USDC’s market capitalization at $69.4 billion.
How much is 1 USDC worth in naira today?
About ₦1,404.04 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9995. The naira price moves with both USDC's US-dollar price and the USDT/NGN rate; use our USDC in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Block. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.