Standard Chartered Bank and Circle launch institutional-grade USDC minting and redemption services

ChainCatcher news, according to official sources, Standard Chartered Bank announced a collaboration with Circle to launch USDC minting and redemption access capabilities for institutional clients, becoming the first global systemically important bank to provide such integrated services. Eligible institutional clients can use USDC with a single account opening and service process without needing to set up a direct Circle account.

The service is initially provided via Standard Chartered’s business at the Dubai International Financial Centre, supporting on-chain settlement, fund management, and liquidity management scenarios. It is planned to expand to additional markets in the future after receiving regulatory approval.