BitGo Launches BitGo Mint for Institutional Stablecoin Management

The new platform is designed to let institutional clients mint, redeem, and manage stablecoins directly within the BitGo platform.

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, usually by being pegged to a fiat currency such as the U.S. dollar.
  • Mint: In crypto, to create new tokens on a blockchain according to the rules of a platform or protocol.
  • Redeem: To exchange a token, often a stablecoin, for its underlying asset or equivalent value through the issuing platform.