Standard Chartered launches USDC mint and redeem access for institutional clients

Standard Chartered, working with Circle, now lets eligible institutional clients mint and redeem USDC through one onboarding process without holding direct Circle accounts. The bank says it is the first Global Systemically Important Bank licensed to offer this. The capability starts in Dubai's DIFC and will expand to other markets subject to approvals.

• Access starts through Standard Chartered's DIFC operations in Dubai
• Clients do not need a direct Circle account to mint or redeem USDC
• Stated uses include on-chain settlement, treasury and liquidity management
• No transaction volumes or client counts were disclosed