The Bank of New York Mellon Corporation (BNY Mellon) is a U.S.-based financial institution and the world’s largest custodian bank.

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US-based financial services firm Bank of New York Mellon will act as the custodian for the assets backing the stablecoin.
BNY Mellon, the largest custodian bank globally, has been appointed as USDCV’s reserve custodian. The U.S. financial institution will safeguard the stablecoin’s collateral reserves, which are composed of high-quality, liquid assets that meet strict eligibility criteria.