USDC gets major banking push from Standard Chartered – Details!

ambcryptoPubblicato 2026-07-03Pubblicato ultima volta 2026-07-03

Introduzione

Standard Chartered and Circle have partnered to bring USD Coin (USDC) closer to traditional banking. The collaboration enables institutional clients to mint and redeem USDC directly through Standard Chartered's banking platform, starting in the Dubai International Financial Centre (DIFC) with plans for expansion. This integrated service combines banking, custody, and digital asset offerings, eliminating the need for separate accounts with Circle. Standard Chartered claims it is the first Global Systemically Important Bank to provide such a service. The partnership is significant as the stablecoin market has grown substantially, with USD-pegged stablecoin supply nearly doubling from about $160 billion to around $300 billion over the past 24 months. While Tether (USDT) remains the market leader, USDC is the second-largest stablecoin, maintaining a supply of $70-$80 billion. This scale and Circle's established corporate presence make USDC a likely choice for institutional adoption through this new banking-led access.

Standard Chartered and Circle are bringing USD Coin [USDC] closer to traditional banking. This new partnership will help institutions mint and redeem USDC through bank-led rails, starting in Dubai’s DIFC.

USDC minting moves to Standard Chartered’s banking platform

Standard Chartered and Circle have created a way for institutional clients to mint and redeem USDC through a bank-led process. This would be instead of setting up separate accounts directly with Circle.

The financial giant has stated that it is the first Global Systemically Important Bank to offer this kind of USDC service. According to its statement, the company announced,

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By embedding USDC access directly within Standard Chartered’s institutional offering, Standard Chartered will bring together banking, custody, and digital asset services within one integrated offering…

The first rollout will happen through the Dubai International Financial Centre, with expansion to other markets planned. The service is said to also support payment-related use cases later.

The scale makes it that much important

This development comes at a good time though, especially since stablecoins are no longer a niche product. In fact, Artemis showed that USD-pegged stablecoin supply has nearly doubled over the past 24 months. We went from about $160 billion to around $300 billion by July 2026.

Source: Artemis

While USDT [Tether] still leads the market, Circle’s USDC is still the second-largest stablecoin. It is also one of the greater corporate plays in the space. That becomes important when you think of Standard Chartered’s move, with the bank building access around a stablecoin that already has scale.

USDC supply has stayed around the $70 billion-$80 billion range in recent months, so that demand has held up even with new issuers entering the market. So, while stablecoins may have multiple long-term winners, Circle is still one of the names institutions are most likely to work with.


Final Summary

  • Standard Chartered and Circle will let institutions mint and redeem USDC.
  • USDC is the second-largest stablecoin, with 70B-$80B in supply.

Crypto di tendenza

Domande pertinenti

QWhat is the main partnership announced between Standard Chartered and Circle regarding USDC?

AStandard Chartered and Circle have partnered to allow institutional clients to mint and redeem the USD Coin (USDC) stablecoin through a bank-led process within Standard Chartered's platform, starting in Dubai's DIFC.

QHow is Standard Chartered positioning itself with this new USDC service?

AStandard Chartered is positioning itself as the first Global Systemically Important Bank (G-SIB) to offer this kind of integrated USDC minting and redemption service for institutions.

QWhat is one key benefit for institutional clients mentioned in the article regarding this partnership?

AA key benefit for institutional clients is that they can access USDC services (minting and redeeming) directly through Standard Chartered's integrated banking, custody, and digital asset offering, eliminating the need to set up separate accounts directly with Circle.

QWhat data does the article cite to show the growth of USD-pegged stablecoins?

AThe article cites data from Artemis showing that the supply of USD-pegged stablecoins has nearly doubled over the past 24 months, growing from about $160 billion to around $300 billion by July 2026.

QWhat is the current approximate supply range of USDC, and how does it rank among stablecoins?

AUSDC's supply has stayed around the $70 billion to $80 billion range in recent months, making it the second-largest stablecoin in the market after USDT (Tether).

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