TechFlow news, July 02, according to official announcements, Standard Chartered Bank announced a partnership with Circle to launch institutional client USDC minting and redemption access capabilities, becoming the first Global Systemically Important Bank to provide such integrated services. Eligible institutional clients can use USDC through a single account opening and service process without needing to open a Circle account directly. The service will initially be provided through Standard Chartered's operations in the Dubai International Financial Centre, supporting scenarios such as on-chain settlement, fund management, and liquidity management, and is planned to expand to more markets subsequently upon regulatory approval.
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