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Event File CRYPTO Stablecoins USD Coin (USDC) Standard Chartered

Standard Chartered, Circle Launch Institutional USDC Minting and Redemption Service

1 reports · First detected 2026-07-02 · Last active 2026-07-02

USDC is a Circle-issued stablecoin designed to maintain a 1:1 peg to the U.S. dollar. It is widely used for on-chain settlement, treasury operations and liquidity management. As a global systemically important bank, Standard Chartered’s integration of USDC into its existing compliance, risk management and governance framework could lower barriers for institutions entering the digital asset market.

Standard Chartered and Circle announced an institutional USDC minting and redemption service on July 2, 2026, starting in the Dubai International Financial Centre. Eligible clients will be able to complete bank-led due diligence and transactions through Standard Chartered’s platform without opening a separate Circle account. The companies have not disclosed a minimum transaction size, fees or a formal launch date, while further expansion will depend on regulatory approvals and market demand.

All Coverage

1 original reports
COINTELEGRAPH.COM 2026-07-02
Standard Chartered, Circle bring USDC minting onto banking rails

The Backstory

The history behind this event
Global Banks Accelerate USDC Integration for Digital-Asset Settlement2026-07-10 · 2 reports · similarity 0.82

Traditional financial institutions were once cautious about cryptocurrencies, but rapid growth in digital-asset markets has made stablecoins a vital bridge between conventional finance and blockchain networks. Major banks are no longer debating whether stablecoins belong in the financial system. Instead, they are considering how to integrate them into existing settlement infrastructure. The shift could lower cross-border payment costs, speed up transactions and help traditional banks avoid being marginalized in a future tokenized financial system.

BNY announced a partnership with Circle to support USDC on June 29, 2026. Standard Chartered then became the first global systemically important bank to offer USDC minting and redemption services in Dubai on July 2. Zodia Markets, a platform affiliated with the group, minted $4 billion in USDC in 2024. European financial institutions are also actively developing euro-denominated stablecoins to retain a leading role in tokenized finance.

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