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Morning Edition · Thursday, July 2, 2026Published at 6:29 AM EDT · New York
Standard Chartered and Circle Open Bank-Run Minting of USD Coin for Institutions
The move puts a large regulated bank between institutions and the second-largest dollar token, part of a wider contest to control the infrastructure beneath stablecoins.
Standard Chartered and Circle launched bank-led minting and redemption of the dollar token USD Coin (USDC) for eligible institutions, run through the bank's operations in the Dubai International Financial Centre, crypto.news reported. The a…
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Part of a tracked trend
Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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