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Report: BNY Deepens Relationship With Stablecoin Company Circle

  • BNY Mellon is expanding its partnership with stablecoin company Circle.
  • Clients of BNY Mellon will now be able to send and receive money to buy or sell Circle's stablecoins.
  • The expanded partnership signifies a more favorable regulatory environment for the crypto industry in the US.
  • This move allows Circle to attract more investors and differentiate itself from competitors, while BNY Mellon can attract more deposits tied to the crypto industry.

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