Standard Chartered, Circle bring USDC minting onto banking rails
Standard Chartered and Circle launch bank-led USDC minting and redemption for institutions, starting in Dubai’s DIFC with planned global expansion.
Last updated: 2026-07-06 03:37:37 ET
Standard Chartered and Circle launch bank-led USDC minting and redemption for institutions, starting in Dubai’s DIFC with planned global expansion.
The 140-partner model challenges USDC reserve economics while leaving issuer, reserve and redemption tests unresolved.
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The move deepens BNY's partnership with Circle and builds on the bank's role as the primary custodian of USDC reserves.
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