Standard Chartered and Circle have launched a service for institutional clients that allows the issuance and redemption of USDC through banking infrastructure. According to the financial institution, users will be able to work with the stablecoin via the Standard Chartered platform without needing a separate account with Circle.
The initial launch will take place through the bank's division in the Dubai International Financial Centre. Standard Chartered plans to expand the service to other markets, pending regulatory approval and client demand.