Wu said that Standard Chartered Bank (Standard Chartered) has announced a partnership with Circle to launch USDC minting and redemption services for institutional clients. Standard Chartered has therefore become the first globally systemically important bank (G-SIB) licensed to provide such services. Institutional clients do not need to open an account directly with Circle and can instead operate through Standard Chartered’s unified access and service experience. The feature is now available to eligible clients in Standard Chartered’s Dubai International Financial Centre (DIFC) business. It aims to support institutional-grade use cases such as on-chain settlement, funds and liquidity management by connecting fiat banking services, digital asset infrastructure, and public blockchain networks.

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PocketValidator
· 6h ago
G-SIB first; other major banks are likely waiting to see if the compliance framework can work.
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CoconutWaterChillSquad
· 10h ago
Traditional banks have finally stepped in. G-SIB-level endorsement is a concrete positive for USDC liquidity.
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GaslightSamurai
· 10h ago
Dubaiopenedupfirst,andtheregulatoryfriendlinessisindeedhigh.Let'sseeifHongKongfollows.
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StakingDaydreamer
· 10h ago
Having banks serve as the on-ramps and off-ramps for stablecoins is a more stable narrative than pure DeFi protocols.
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GasFeesWithAPomeloFlavor
· 10h ago
Standard Chartered took a smart step here. Institutional clients don't need to mess with Circle accounts themselves, lowering the barrier significantly.
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