Crypto
Standard Chartered, Circle to support institutional USDC minting and redemption through banking network
Standard Chartered and Circle are launching a service that allows institutional clients to mint and redeem USDC within banking processes. Cointelegraph reported on July 2 that the first location will be the Dubai International Financial Centre. Institutions will be able to mint or redeem the dollar-linked stablecoin directly on Standard Chartered’s platform without opening a separate Circle account. Standard Chartered said it is the first major bank to offer such a USDC service.
