{"id":4417,"date":"2026-07-02T22:20:09","date_gmt":"2026-07-02T22:20:09","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=4417"},"modified":"2026-07-02T22:20:09","modified_gmt":"2026-07-02T22:20:09","slug":"standard-chartered-becomes-first-major-global-bank-to-offer-direct-stablecoin-services","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/07\/02\/standard-chartered-becomes-first-major-global-bank-to-offer-direct-stablecoin-services\/","title":{"rendered":"Standard Chartered Becomes First Major Global Bank to Offer Direct Stablecoin Services"},"content":{"rendered":"\n
\n
\"\"<\/figure>\n<\/figure>\n\n\n\n

Standard Chartered has become the first globally systemically important bank to provide institutional clients with direct stablecoin minting and redemption services through its banking platform.<\/p>\n\n\n\n

The move allows eligible institutional clients to mint and redeem USD Coin directly without needing to open separate accounts with Circle. This creates a more streamlined onboarding process by combining traditional banking and stablecoin services within a single platform.<\/p>\n\n\n\n

Integrated Banking and Stablecoin Access<\/strong><\/p>\n\n\n\n

The service, announced on July 2, was developed through a partnership between Standard Chartered and Circle. It will initially be offered through the bank\u2019s operations at the Dubai International Financial Centre.<\/p>\n\n\n\n

Qualified institutional clients will be able to access banking, custody, and digital asset services through one integrated system while using USDC for on chain settlement and treasury management.<\/p>\n\n\n\n

For now, the offering is limited to the bank\u2019s DIFC operations, but Standard Chartered plans to expand the service into additional markets pending regulatory approval.<\/p>\n\n\n\n

Roberto Hoornweg said digital assets are becoming an increasingly important part of global financial infrastructure, with institutional clients demanding the same trust, governance, and reliability found in traditional finance.<\/p>\n\n\n\n

He added that the initiative is designed to support broader institutional participation in digital asset markets while maintaining strong compliance and risk management standards.<\/p>\n\n\n\n

Stablecoin Adoption Gains Momentum<\/strong><\/p>\n\n\n\n

Market analysts view this launch as another major step in the integration of stablecoin infrastructure into regulated finance.<\/p>\n\n\n\n

According to crypto market observers, allowing a globally significant bank to participate directly in the USDC minting process removes a major operational barrier for institutions, many of which previously relied on exchanges or over the counter trading desks to access stablecoins.<\/p>\n\n\n\n

This development could accelerate institutional adoption of USDC and strengthen liquidity across blockchain based financial markets.<\/p>\n\n\n\n

The announcement comes amid intensifying competition in the stablecoin sector. Just one day earlier, OpenUSD entered the market as a new stablecoin initiative backed by more than 140 companies, including Visa, Mastercard, Stripe, Coinbase, Ripple, and BlackRock.<\/p>\n\n\n\n

OpenUSD introduces another strong competitor in the race to build institutional grade stablecoin infrastructure.<\/p>\n\n\n\n

Standard Chartered has continued expanding its presence in regulated digital assets. Earlier this year, the bank was among the first institutions to secure a stablecoin issuer license in Hong Kong, enabling it to issue Hong Kong dollar backed stablecoins for cross border payments.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Standard Chartered has become the first globally systemically important bank to provide institutional clients with direct stablecoin minting and redemption services through its banking platform. The...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4417","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=4417"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4417\/revisions"}],"predecessor-version":[{"id":4419,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4417\/revisions\/4419"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=4417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=4417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=4417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}