Standard Chartered boosts UAE's digital assets role
Standard Chartered Bank has launched an institutional mechanism for issuing and redeeming the USDC digital currency, in collaboration with Circle, strengthening the UAE’s position as a global hub for digital assets. The service will begin operating at Dubai International Financial Centre, with plans to expand to additional markets, enabling institutions to transfer value quickly and transparently between the traditional and digital financial systems, while supporting settlement processes and liquidity management. This development aims to meet the growing demand for regulated stable asset infrastructure, while adhering to the highest standards of governance and compliance.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)