Stablecoins & Payments
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Standard Chartered becomes the first G-SIB to offer institutional USDC minting and redemption with Circle, initially via its DIFC operations in the UAE.
Standard Chartered has announced the launch of a new capability that enables institutional clients to access USDC minting and redemption services in partnership with Circle Internet Group, the issuer of USDC.
This service is delivered through the bank’s regulated entities, providing a compliant and secure gateway to stablecoin infrastructure.
With this launch, Standard Chartered becomes the first Global Systemically Important Bank (G-SIB) licensed to provide integrated institutional access to USDC minting and redemption.
The solution offers a unified onboarding process, removing the need for clients to maintain direct accounts with Circle while streamlining access to stablecoin services.
The new capability enables institutions to transfer value seamlessly between traditional financial systems and digital asset ecosystems.
By linking fiat banking, digital asset infrastructure, and public blockchain networks within a single bank-led framework, the solution supports faster, more transparent financial operations.
It also enables key institutional use cases, including on-chain settlement, treasury management, and liquidity operations, while laying the foundation for future payment-related applications.
Standard Chartered has embedded USDC functionality directly into its institutional offering, combining banking, custody, and digital asset services within a single integrated platform.
This structure operates under established risk management, governance, and compliance standards aligned with global financial regulations.
The capability will initially be available to eligible institutional clients through Standard Chartered’s operations in the Dubai International Financial Centre (DIFC).
This reinforces the UAE’s growing position as a global hub for regulated digital asset activity and marks the first phase of the bank’s broader stablecoin strategy.
Expansion into additional markets is planned, subject to regulatory approvals and local market readiness.
The launch reflects increasing demand from financial institutions and corporations for regulated stablecoin infrastructure that supports payments, treasury management, settlement, liquidity, and participation in digital asset markets.
Standard Chartered executives highlighted that digital assets are becoming a core part of global financial infrastructure, with institutions expecting the same level of trust, governance, and regulatory oversight as traditional markets.
They emphasized that this initiative extends those standards into digital asset markets, enabling broader institutional participation under established financial frameworks.
Circle also noted that integrating regulated stablecoin infrastructure into global banking systems allows institutions to access new use cases for USDC while maintaining compliance and risk controls.
This move signals a deeper phase in the institutionalization of stablecoins, where regulated banks are no longer just observers but active infrastructure providers within the digital asset ecosystem. By embedding USDC directly into a global systemically important bank’s offering, Standard Chartered is effectively narrowing the divide between fiat banking and blockchain-based settlement layers.
Over time, such integrations could redefine how liquidity, settlement, and treasury functions operate across global markets, positioning stablecoins not as parallel instruments to traditional finance, but as embedded components of it.
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