Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, BNY expanded its Circle collaboration via the bank's digital asset custody platform, Germany leads EU MiCA licensing as the the bloc's crypto regime deadline looms and Ethereum’s first zk-rollup, Loopring, announced the closure of its decentralized exchange.

BNY has expanded its Digital Asset Custody platform to let institutional clients store, transfer, mint and redeem Circle's USD Coin, making it the first stablecoin supported on the platform.

The new capabilities allow BNY clients to convert US dollars into USDC and redeem the stablecoin back into dollars directly through the bank while also storing and transferring USDC on its custody platform. BNY said it plans to expand the service to additional stablecoins and digital cash workflows over time.

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