Standard Chartered and Circle have launched bank-led USDC minting and redemption services for institutional clients, starting in Dubai's Dubai International Financial Centre (DIFC) with plans for global expansion. The initiative integrates stablecoin issuance with traditional banking rails, enhancing compliance and operational efficiency for institutions.
Standard Chartered and Circle announced the launch of bank-led USDC minting and redemption services for institutional clients, operational initially at the Dubai International Financial Centre (DIFC). The service will later expand to other global financial hubs.
This marks the first time a major bank directly facilitates stablecoin minting and redemption, embedding USDC issuance within traditional banking rails for settlement and custody. The move provides institutional investors with a compliant and efficient channel for stablecoin access.
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