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Standard Chartered offers direct USDC minting and redemption for institutional clients, first among global banks.

Market News
02 Jul 2026
Blockonomi
View Source
Bullish
pluang ai news

Standard Chartered has become the first Global Systemically Important Bank (G-SIB) to offer institutional clients direct minting and redemption of the stablecoin USDC through its banking platform, initially via its Dubai International Financial Centre operations. This service, developed with Circle Internet Group, allows clients to access USDC without needing separate accounts, simplifying the integration of traditional banking and digital assets. The move supports institutional needs for regulated stablecoin infrastructure in settlement, treasury, and liquidity management, highlighting growing demand despite rising competition in the stablecoin market. The bank plans to expand this offering to other markets as regulatory approvals are obtained, reinforcing the UAE's role as a hub for digital asset innovation.

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