Standard Chartered Becomes First Major Bank to Offer Direct Stablecoin Services
Institutions will be able to combine custody, banking and stablecoin services through a single onboarding process.
InfoWorld AI·
It started with a one-line message from a finance team on a Tuesday afternoon: A handful of customers had been charged twice that day, and one was disputing a duplicate charge with their bank. I went straight to the monitoring, expecting to find something broken. Instead, everything looked healthy: By the system’s own records, every order had been paid exactly once. It took the team a month of digging through production incidents to close the gap between a dashboard that said, “all good,” and a customer billed twice. I’ve since seen this kind of failure across multiple payment systems, some handling hundreds of thousands of transactions a day. What follows is a composite and doesn’t describe any single system or organization. The numbers, timings and identifying details have been changed to keep anything proprietary out. The retry that charged twice A customer clicked Pay; the order service called the payment service, which called the external provider. The provider charged the card fo
Read full articleInstitutions will be able to combine custody, banking and stablecoin services through a single onboarding process.
Standard Chartered partners with Circle to launch institutional USDC minting and redemption, becoming the first G-SIB bank to offer integrated regulated stablecoin services. Standard Chartered has partnered with Circle to launch institutional USDC minting and redemption services. The new service enables qualified institutions to use the bank to access USDC. Furthermore, Standard Chartered is the […] The post Standard Chartered Partners with Circle to Launch Institutional USDC Minting appeared first on Live Bitcoin News.
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Crédit Agricole S.A. has launched a euro-backed stablecoin called EURXT and used it to settle the first subscription into a tokenized money market fund in Europe. According to the announcement on Wednesday, the bank issued the token through CACEIS, its asset servicing arm, on the Ethereum blockchain. EURXT follows the ERC-20 standard and carries a […]
Crédit Agricole launches EURXT, a MiCA-compliant euro-backed stablecoin on Ethereum, expanding tokenized finance for institutional and corporate clients. Crédit Agricole, Europe’s third-largest bank by assets, has launched its euro-backed stablecoin called EURXT. The stablecoin is launched by the bank’s asset servicing arm, CACEIS, on the Ethereum blockchain. Initially, EURXT is available only to institutional investors […] The post Europe’s Third-Largest Bank Crédit Agricole Debuts Euro-Backed Stablecoin appeared first on Live Bitcoin News.
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BNY has added USDC mint and burn capabilities to its Digital Asset Custody platform, giving institutional clients a direct path between U.S. dollars and Circle’s stablecoin without leaving the bank’s infrastructure. What BNY Is Offering The bank announced the expanded relationship with Circle Internet Group on June 29, 2026. Under the new arrangement, BNY clients […]
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