NewsMV
Standard Chartered and Circle have launched a bank-led service that lets institutional clients mint and redeem USDC — the dollar-pegged stablecoin — directly through banking infrastructure.
The arrangement starts in Dubai's Dubai International Financial Centre and is designed to expand globally.
What the Plumbing Actually Changes Until now, minting USDC — the process by which new tokens are created in exchange for deposited dollars — has run through Circle's own treasury operations.
Routing that function through a regulated bank like Standard Chartered places it inside the kind of compliance and custody framework that institutional money managers and corporate treasuries require before touching digital assets.
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