Standard Chartered Integrates USDC Support Into Its Institutional Services
Standard Chartered became the first global systemically important bank (G-SIB) to offer institutional clients the ability to mint and redeem USDC through its banking infrastructure.
Circle Internet Group, Inc., the issuer of the world’s second-largest stablecoin by market capitalization, announced a partnership with multinational financial group Standard Chartered. Under the partnership, the bank will integrate access to USDC minting and redemption into its infrastructure for institutional clients.
The initiative eliminates the need for Standard Chartered clients to interact directly with Circle. USDC support will be embedded into Standard Chartered’s institutional platform. The integration combines traditional banking, custody, and digital asset services into a unified infrastructure that meets the risk management, compliance, and governance standards expected of international financial institutions.
Initially, the service is available only to eligible institutional clients through Standard Chartered’s operations at Dubai International Financial Centre (DIFC). The bank plans to expand USDC support to additional markets as regulatory approvals are secured and local infrastructure becomes ready.
According to Roberto Hoornweg, CEO of Corporate and Investment Banking at Standard Chartered, the initiative will enable financial institutions to use USDC for on-chain settlement, liquidity management, corporate treasury operations, and, eventually, payment use cases. Hoornweg also said the launch reflected growing demand from banks, financial institutions, and corporate clients for regulated infrastructure supporting digital asset activities.
Kash Razzaghi, Chief Commercial Officer at Circle, said integrating USDC infrastructure into Standard Chartered’s global banking platform will expand institutional clients’ ability to use the stablecoin for corporate treasury operations while maintaining the compliance and risk management standards they expect.
Recently, institutional clients of BNY Mellon also gained access to the full range of USDC minting and redemption services through the bank’s infrastructure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000
After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.
No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029
It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.
Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?
The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.
Crypto prices
More
