
Standard Chartered Partners with Circle to Launch Institutional USDC Minting
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Standard Chartered has partnered with Circle to launch institutional USDC minting and redemption services. The new service enables qualified institutions to use the bank to access USDC. Furthermore, Standard Chartered is the first Global Systemically Important Bank (G-SIB) to provide this integrated service.
The service is now offered via Standard Chartered’s presence in the Dubai International Financial Centre (DIFC). USDC can be minted and redeemed by eligible institutional clients in one onboarding process. Therefore, clients do not have to open an account with Circle.