Standard Chartered Becomes First Major Bank to Offer Direct Stablecoin Services

Standard Chartered has become the first global systematically important bank (G-SIB) to let institutional clients mint and redeem USDC directly through its banking platform, the lender has said. The service removes the need for eligible clients to open separate accounts with Circle, the issuer of USDC, giving them a single onboarding process for both traditional banking and stablecoin access. Standard Chartered Bring…