Standard Chartered Rolls Out Direct USDC Minting and Redemption for Institutions

Standard Chartered has broadened its digital-asset push by enabling eligible institutional clients to mint and redeem USDC directly through the bank's own platform. The rollout makes Standard Chartered the first Global Systemically Important Bank (GSIB) to offer direct USDC issuance and redemption via its in-house banking infrastructure. The service allows customers to access regulated stablecoin functionality without opening separate accounts with Circle, bringing traditional banking and digital-asset activity onto a single operating platform. The launch underscores growing institutional appetite for regulated blockchain rails aimed at faster settlement and improved operational efficiency. The offering is being introduced via Standard Chartered's Dubai International Financial Centre operations and is available to eligible institutional customers. The bank said the setup streamlines onboarding and links fiat banking, digital assets and public blockchain networks within one system. It is designed to support treasury and liquidity operations as well as onchain settlement. Standard Chartered plans to extend the service to additional markets once the necessary regulatory approvals are in place. Roberto Hoornweg, CEO of Corporate and Investment Banking at Standard Chartered, said digital assets are becoming an increasingly important part of global financial infrastructure, adding that institutional clients expect robust governance and regulatory oversight when entering digital-asset markets. The bank also said the initiative reinforces the UAE's standing as a regulated digital-asset hub while supporting wider institutional adoption of stablecoins. Related: Standard Chartered Compares Ethereum Slump to Amazon's 2001 Crash Advertise here Disclaimer: The information presented in this article is for informational and educational purposes only and does not constitute financial advice of any kind. Coin Edition is not responsible for any losses incurred from the use of content, products or services referenced. Readers should exercise caution before taking any action related to the company.