Standard Chartered and Circle have announced a partnership to launch bank-led USDC minting and redemption for institutional clients, starting in Dubai's DIFC with plans for global expansion. The service integrates stablecoin issuance into traditional banking rails, marking a significant step in bridging crypto infrastructure with legacy finance.
Standard Chartered and Circle today announced a partnership to launch bank-led USDC minting and redemption services, initially in the Dubai International Financial Centre (DIFC) with a roadmap for global expansion. The service enables institutional clients to mint and redeem USDC directly through Standard Chartered's banking settlement network, embedding stablecoin issuance and redemption into traditional banking rails. This integration aims to improve efficiency and reduce counterparty risk for institutional participants.
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