Standard Chartered Launches Institutional USDC Minting

Standard Chartered has introduced a new institutional service that enables eligible clients to mint and redeem USDC directly through the bank. The capability was in partnership with Circle Internet Group, the issuer of the USDC stablecoin through its regulated entities.

So, with the rollout, Standard Chartered says it has become the first Global Systemically Important Bank (G-SIB) to provide institutional clients with integrated access to USDC minting and redemption through a single onboarding process. Clients can access the service without opening a direct account with Circle, allowing them to manage fiat and digital asset transactions through one banking relationship.

The service connects traditional banking infrastructure with blockchain networks, allowing institutions to move value between fiat currencies and digital assets within a single platform. According to the bank, the capability is to support institutional activities such as on-chain settlement, treasury operations, and liquidity management, while creating a foundation for future payment-related applications.

Standard Chartered Launches Institutional USDC Minting

So, by incorporating USDC access into its institutional banking offering, Standard Chartered combines banking services, digital asset infrastructure, and custody capabilities under its existing compliance, governance, and risk management framework.

The service is initially available to eligible institutional clients through Standard Chartered’s operations in the Dubai International Financial Centre (DIFC). The bank stated that the launch marks the first phase of its broader global stablecoin strategy, with expansion into additional markets planned as regulatory approvals are obtained and market conditions permit.

Standard Chartered said the launch comes as financial institutions and corporations continue exploring regulated stablecoin infrastructure for payments, treasury management, settlement, liquidity management, and participation in digital asset markets.

Roberto Hoornweg, Chief Executive Officer of Corporate and Investment Banking at Standard Chartered, said institutional clients are increasingly seeking trusted and regulated access to digital assets. He added that the bank aims to extend the governance and oversight associated with traditional financial markets into the digital asset ecosystem, supporting broader institutional participation.

Circle Chief Commercial Officer Kash Razzaghi said integrating USDC infrastructure into Standard Chartered’s banking platform gives institutions a regulated pathway to use stablecoins for payments, settlement, and treasury operations while maintaining established compliance and risk management standards.

The initiative forms part of Standard Chartered’s wider digital assets strategy spanning banking, custody, securities services, markets, and digital market infrastructure.

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