Dubai, United Arab Emirates – Standard Chartered today announced the launch of its capability enabling institutional clients to access USDC minting and redemption, developed in partnership with Circle Internet Group, Inc. (Circle) (NYSE: CRCL), the issuer of USDC[1] through its regulated entities.
The launch makes Standard Chartered the first Global Systemically Important Bank (G-SIB) licensed to offer institutional clients integrated access to USDC minting and redemption through a single onboarding and service experience, without requiring clients to hold direct accounts with Circle.
The capability enables institutions to move value across traditional and digital financial ecosystems with greater speed and transparency by connecting fiat banking, digital asset infrastructure and public blockchain networks within a single, bank-led solution. It supports institutional use cases such as on-chain settlement, treasury, and liquidity management, while providing the infrastructure to support payment-related use cases in the future.
By embedding USDC access directly within Standard Chartered’s institutional offering, Standard Chartered will bring together banking, custody, and digital asset services within one integrated offering that is delivered through the risk management, compliance and governance standards expected of a leading international financial institution.
Initially available to eligible clients through Standard Chartered’s DIFC operations, the capability reinforces the UAE’s position as a leading hub for regulated digital asset activity and represents the first phase of Standard Chartered’s broader global stablecoin proposition. The Bank intends to expand the capability into additional markets, subject to regulatory approvals and market readiness.
The announcement reflects growing demand from financial institutions and corporations for regulated stablecoin infrastructure that can support a range of financial activities, including payments, treasury management, settlement, liquidity management, and participation in digital asset markets.
Roberto Hoornweg, Chief Executive Officer, Corporate and Investment Banking, Standard Chartered said: “Digital assets are becoming an increasingly important component of global financial infrastructure, and institutional clients are seeking the same levels of trust and governance that underpin traditional markets. With this launch, we are extending those standards into a rapidly evolving segment of the financial system. Ultimately, this is about enabling broader institutional participation in digital asset markets through the frameworks, controls and regulatory oversight that have long supported confidence in global financial markets.”
Kash Razzaghi, Chief Commercial Officer, Circle, said: “Financial institutions are increasingly looking for trusted ways to access stablecoins and participate in blockchain-enabled financial markets. By integrating Circle’s regulated stablecoin infrastructure into Standard Chartered’s global banking platform, we are helping institutions access new opportunities to use USDC across payments, settlement and treasury operations while maintaining the compliance, governance, and risk management standards they expect.”
The launch forms part of Standard Chartered’s broader digital assets strategy across banking, markets, securities services, custody, and digital market infrastructure, and reflects the Bank’s commitment to enabling responsible innovation in stablecoins and digital assets.
For further information please contact:
Khaled Abdulla, CFA®
Head of Communications
UAE, Middle East & Pakistan
Corporate and Investment Bank
Standard Chartered
Press@circle.com
About Standard Chartered
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Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.
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About Circle
Circle (NYSE: CRCL) is one of the world’s leading internet financial platform companies, building the foundation of a more open, global economy through programmable blockchain infrastructure, digital assets, and payment applications. Circle’s platform includes the world’s largest stablecoin network anchored by USDC, Circle Payments Network for global money movement, and Arc, an enterprise-grade blockchain designed to become the Economic OS for the internet. Enterprises, financial institutions, and developers use Circle to power trusted, internet-scale financial innovation. Learn more at circle.com.
[1] USDC is issued by regulated affiliates of Circle. See Circle’s list of regulatory authorizations at circle.com/legal/licenses.
