Standard Chartered, Circle bring USDC minting onto banking rails
Standard Chartered and Circle have built a bank-led system for institutional clients to mint and redeem USDC through Standard Chartered’s onboarding and controls, without needing separate Circle accounts. Standard Chartered says it is the first G-SIB to offer this, integrating stablecoin access into traditional banking risk, compliance, custody, and governance frameworks. The initial launch will run through the Dubai International Financial Centre, with possible expansion to other markets pending regulation and client demand. The service is aimed at institutional use cases such as on-chain settlement, treasury, liquidity management, and future payment applications. The move reflects growing integration between stablecoin infrastructure and banks as issuers and financial institutions compete over stablecoin distribution, access, and revenue.
