Standard Chartered and Circle have announced a new partnership to offer bank-led USDC minting and redemption services for institutional clients. The service will launch in the Dubai International Financial Centre (DIFC), with plans for global expansion. By integrating USDC issuance directly into traditional banking rails, the initiative allows institutions to mint and redeem the dollar-pegged stablecoin through regulated, bank-grade channels — improving efficiency, transparency, and compliance. This marks a significant step in merging conventional banking infrastructure with digital asset infrastructure, offering a seamless on- and off-ramp for USDC that meets institutional standards.
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