Redemption runs in reverse. Clients send $USDC to be burned on-chain, meaning the tokens are permanently destroyed and removed from circulation, and the dollar value comes back to them.
According to a statement shared with The Block, clients can place and track their $USDC orders through the BitGo platform itself or through its API. The API route is the more interesting one for trading firms, since it lets them plug minting and redemption directly into their own automated systems.
Speed is part of the pitch. Average fulfillment times come in under 30 minutes for mints and under two hours for burns. Those figures carry a caveat: actual timing depends on transaction volume and compliance requirements.
What Go Accounts already offered
Go Accounts support both fiat and digital assets and include off-chain ledgering. That means some movements of funds can be recorded on BitGo’s internal books instead of being broadcast to a blockchain every time.
Go Accounts also carry insurance coverage of $250M when BitGo retains custody of the keys.
BitGo also has validation and reconciliation procedures in place for eligible clients minting $USDC.
BitGo’s broader stablecoin push
This is not BitGo’s first move into stablecoin issuance infrastructure. The company launched BitGo Mint in April 2026, which initially supported other stablecoins including USD1 and SoFiUSD.
BitGo Holdings, Inc. trades on the New York Stock Exchange under the ticker BTGO. The company was founded in 2013 and now serves thousands of institutions across the digital asset sector.
Its target clients for this service are market makers, asset managers, and banks.
The regulatory wrapper is the key differentiator here. BitGo Bank & Trust is a nationally chartered bank overseen by the OCC. That puts the minting and redemption activity inside a federally supervised entity rather than an unregulated intermediary.
BitGo’s own research summary frames the service as one that could help pave the way for broader stablecoin adoption in traditional finance.
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