Standard Chartered has launched a service enabling institutional clients to mint and redeem Circle's USDC stablecoin through its Dubai International
- Standard Chartered has launched a service allowing institutional clients to mint and redeem Circle's USDC stablecoin via its Dubai operations.
- This service enables clients to convert fiat to USDC through their existing banking relationship, supporting treasury management and settlement.
- The bank aims to be the first G-SIB to offer integrated USDC access without requiring clients to have direct accounts with Circle, potentially scaling stablecoin distribution globally.
Topics: Asset types, Infrastructure providers, Institutional adoption, Stablecoins digital cash, Major financial incumbents, Asset manager initiatives
Tags: #usdc #circle #standardchartered #stablecoin #institutionalclients #minting #redemption #difc #onchainsettlement #treasurymanagement
No comments:
Post a Comment