Standard Chartered Becomes First G-SIB to Offer Direct USDC Services
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Standard Chartered has become the first Global Systemically Important Bank (G-SIB) to offer direct USDC minting and redemption through its own banking platform, launching the service for eligible institutional clients via its Dubai International Financial Centre operations and allowing access without opening separate accounts with Circle. The integrated offering streamlines banking and digital asset workflows, improves transaction speed and operational efficiency, and signals stronger institutional demand for regulated stablecoin, blockchain and DeFi infrastructure, which is positive for crypto adoption.
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Standard Chartered has expanded its digital asset strategy by introducing direct USDC minting and redemption for institutional clients. The move makes the bank the first Global Systemically Important Bank (G-SIB) to provide the service through its own banking platform. Eligible customers can now access regulated stablecoin services without opening separate accounts with Circle.
Consequently, institutions can manage traditional banking and digital assets through one streamlined platform. The launch also highlights rising institutional demand for regulated blockchain infrastructure that supports faster transactions and improved operational efficiency.
Integrated Banking and Stablecoin Services
The new service debuts through Standard Chartered’s Dubai International Financial Centre operations and targets eligible institutional customers. Besides simplifying onboarding, …
Read The Full Article Standard Chartered Becomes First G-SIB to Offer Direct USDC Services On Coin Edition.
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