Standard Chartered launches institutional USDC minting and redemption service

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Standard Chartered has introduced an institutional service that lets clients mint and redeem USDC, enabling on-chain settlement, treasury operations and liquidity management while moving value between traditional banking systems and blockchain networks through a single provider. The bank said it will combine banking, custody and digital asset services and apply its normal controls to stablecoin transactions, and it framed the move as support for wider institutional participation under established controls and regulatory oversight. The bank has not disclosed client numbers, transaction limits, fees or minimum account requirements, and it has not confirmed when payment-related services will be available.

Clients can mint and redeem USDC through Standard Chartered.