Standard Chartered Partners With Circle, Becomes First G-SIB to Offer Institutional USDC Services

Standard Chartered has announced a partnership with Circle to enable institutional clients to access USDC minting and redemption.

The launch makes Standard Chartered the first Global Systemically Important Bank (G-SIB) licensed to offer institutional clients access to USDC minting and redemption through a single onboarding and service experience, without requiring clients to hold direct accounts with Circle.

The service is initially available to eligible clients through Standard Chartered’s DIFC operations, aiming to connect fiat banking, digital asset infrastructure, and public blockchain networks to support institutional use cases such as on-chain settlement, treasury, and liquidity management.

Source: Circle