Dubai, UAE — July 2, 2026 — Standard Chartered announced launch of capability enabling institutional clients to access USDC minting and redemption, developed in partnership with Circle Internet Group (NYSE: CRCL).
First Global Systemically Important Bank (G-SIB) licensed to offer institutional clients USDC minting and redemption through single onboarding — without requiring direct Circle accounts.
Initially available to eligible clients through Standard Chartered’s DIFC operations. First phase of broader global stablecoin proposition; expansion to additional markets subject to regulatory approvals.
Use cases: onchain settlement, treasury management, liquidity operations.
Roberto Hoornweg, CEO Corporate and Investment Banking, Standard Chartered: extending trust and governance standards of traditional markets into digital assets.
Kash Razzaghi, Circle Chief Business Officer, emphasized embedding USDC in institutional banking channels.