Standard Chartered Becomes First G-SIB to Offer Direct USDC Services

Standard Chartered has become the first Global Systemically Important Bank (G-SIB) to offer direct USDC minting and redemption services for institutional clients.

The service, launched through Standard Chartered's Dubai International Financial Centre operations, allows eligible customers to access regulated stablecoin services without opening separate accounts with Circle.

This marks a significant expansion of the bank's digital asset strategy and highlights rising institutional demand for regulated blockchain infrastructure that supports faster transactions and improved operational efficiency.

According to Roberto Hoornweg, Chief Executive Officer, Corporate and Investment Banking at Standard Chartered, 'Digital assets are becoming an increasingly important component of global financial infrastructure.'