Standard Chartered Launches Integrated USDC Minting and Redemption With Circle
Standard Chartered has partnered with Circle to launch integrated access to USDC minting and redemption for eligible institutional clients. The service lets institutions access USDC via just one onboarding process. They don’t need to open a direct account with Circle. The bank says it is the first Global Systemically Important Bank (G-SIB) to offer this sort of integrated access.
What the New Service Offers
The new capability lets eligible institutional clients mint and redeem USDC through Standard Chartered. Clients can complete everything through Standard Chartered and don’t have to manage separate relationships with the bank and Circle. It creates a simpler experience. The service also connects traditional banking with digital asset infrastructure and public blockchain networks. It helps institutions move funds between conventional finance and digital assets more efficiently.
Supported Institutional Use Cases
The service supports several institutional activities, including:
- On-chain settlement
- Treasury management
- Liquidity management
Standard Chartered also said the infrastructure will support payment-related use cases in the future.
Services in One Place
Standard Chartered combines banking, custody, and digital asset services into one solution by adding USDC access to its existing institutional offering. The bank said clients may access these services and also benefit from its existing risk management, compliance, and governance standards.
First Launch in the UAE
Initially, the capability is available to eligible institutional clients through Standard Chartered's Dubai International Financial Centre (DIFC) operations. The bank said this launch intensifies the UAE's position as a regulated digital asset hub. It also marks the first step in Standard Chartered's global stablecoin strategy. The bank plans to expand the service to more markets after regulatory approvals are sorted.
What Executives Said
According to Roberto Hoornweg, Chief Executive Officer, Corporate and Investment Banking at Standard Chartered, digital assets are becoming a bigger part of the global financial system. He said institutional clients expect digital asset services to offer the same trust, governance and regulatory standards as standard financial markets. The new service gives institutions a secure and regulated way to participate in digital asset markets.
Kash Razzaghi, Chief Commercial Officer at Circle, said integrating USDC into Standard Chartered's banking platform gives institutions an easier way to use stablecoins for payments, settlement and treasury operations. He added that clients can do this while continuing to meet their compliance, governance, and risk management requirements.
About Standard Chartered
Standard Chartered is a British multinational bank headquartered in London. It was formed in 1969 through the merger of the Chartered Bank of India, Australia, and China (founded in 1853) and the Standard Bank of British South Africa (founded in 1862). The bank operates in 53 markets with over 83,000 employees. Its services include corporate and investment banking, wealth management, and treasury operations.
About Circle
Circle delivers the largest and most widely used stablecoin network. It is known for creating and issuing the USD Coin (USDC), a popular stablecoin pegged 1:1 to the US Dollar. Its involvement brings the stability and reliability of the USDC stablecoin to the Brazilian market.
Wrapping Up
The new partnership gives eligible institutional clients a simpler way to access USDC through Standard Chartered. The bank aims to support institutional adoption of regulated stablecoins while expanding its broader digital assets strategy.
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