Standard Chartered, Circle bring USDC minting onto banking rails

Standard Chartered and USDC issuer Circle have developed a system that lets institutional clients mint and redeem the USDC stablecoin through a bank-led onboarding process.  Standard Chartered said Thursday it is the first Global Systemically Important Bank (G-SIB) to offer such services for USDC, bringing stablecoin access into the same risk, compliance and governance frameworks used in traditional banking. Clients will be able to mint and redeem the US dollar-backed stablecoin directly through StanCharts platform instead of opening separate accounts with Circle.  “By embedding USDC access directly within Standard Chartereds institutional offering, Standard Chartered will bring together banking, custody, and digital asset services within one integrated offering,” the announcement said. The initial rollout will be through the Dubai International Financial Centre (DIFC).  The collaboration comes as stablecoin infrastructure is increasingly integrated into traditional banking systems, as issuers and financial institutions compete to control how digital assets such as USDC are distributed and accessed.Source: Circle on X.com  The capability supports institutional use cases such as onchain settlement, treasury, and liquidity management, while also providing the infrastructure to support payment-related use cases in the future.  Initial rollout via Dubai International Financial Centre  While the service is initially rolling out through Standard Chartereds operations in the DIFC, the bank

07-02انڈسٹری

Aave brings V3 lending and GHO stablecoin to Monad

Decentralized finance (DeFi) platform Aave has deployed its V3 lending protocol on Monad, expanding the layer-1 blockchains lending ecosystem with support for 12 assets at launch.  On Thursday, Aave announced that the initial market supports USDT0, USDC, Aaves GHO stablecoin, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC and sUSDe. It is also Aaves first deployment with Chainlink Smart Value Recapture enabled from day one, allowing part of the value generated from liquidations to be redirected back to the protocol.  The deployment expands Aave‘s multichain lending network while giving Monad users and developers access to an established borrowing market, Aave’s GHO stablecoin and liquidity incentives intended to support early adoption.  Monad is compatible with Ethereum‘s application environment, allowing existing Solidity contracts and Ethereum tooling to be used with minimal changes, according to Aave’s governance proposal.Monads total value locked as of Thursday. Source: DefiLlama  Aave deployment tests Monads liquidity ambitions  Aaves governance documents show that the Monad Foundation committed $15 million in incentives during the first 12 months after activation. The foundation also agreed to acquire and retain 10 million GHO for over six months, while Aave DAO committed another 500,000 GHO in incentives to support adoption on Monad.  These incentives could help establish initial liquidity. However,

07-02انڈسٹری

Is OpenUSD the answer to bank push back on CLARITY? Hints stablecoin yield concessions will fail

Open Standards Open USD is trying to make the stablecoin yield fight about distribution before the token is live.  The company announced Open USD on June 30 as a stablecoin for global money movement. Its headline feature is a reserve-sharing model: businesses can mint and redeem at no cost, without artificial volume caps, while partners receive reserve earnings minus a small management fee.  Open Standard also says Open USD will be operated by an independent company with partner-led governance. Founding CEO Zach Abrams framed the product as a stablecoin built by and for the businesses that will use it.  Open USD has yet to show live supply, redemption history, reserve attestations, or a visible place in stablecoin market tables. It is expected to launch later in 2026.  Even so, its stated design points directly at the most contested part of the stablecoin business: reserve economics.  If U.S. rules limit passive yield to stablecoin holders, Open USDs bet is that the fight moves elsewhere. Instead of paying users to sit on tokens, the economic value can flow to merchants, payment processors, wallets, exchanges, marketplaces, DeFi venues, and other companies that drive transaction volume.  Open USD puts distribution at the center  Open Standards pitch is simple in public but

07-02

Standard Chartered Offer Direct USDC Minting and Redemption Service for Institutional Clients

In briefStandard Chartered has become the first Global Systemically Important Bank (G-SIB) to offer institutional clients direct access to mint and redeem USDC.The service, launching first through the banks Dubai (DIFC) operations, targets uses like on-chain settlement, treasury, and liquidity management, with payment features planned later.The launch is the first phase of a broader global stablecoin strategy, with Standard Chartered planning to expand to other markets pending regulatory approval.  Standard Chartered announced Wednesday that it has launched a service allowing institutional clients to mint and redeem USDC, the stablecoin issued by Circle Internet Group, directly through the bank rather than opening separate accounts with the crypto firm.  The bank said the launch makes it the first Global Systemically Important Bank licensed to offer institutional clients integrated access to USDC minting and redemption through a single onboarding and service experience, without requiring clients to hold direct accounts with Circle.  The designation places Standard Chartered, one of roughly 30 banks worldwide deemed critical enough to the global financial system to face heightened regulatory scrutiny, at the forefront of banks moving to fold stablecoins into mainstream institutional finance.  The service, developed with Circle, is designed to let institutions move value across traditional and digital financial ecosystems with

07-02انڈسٹری

Ondo tokenizes BlackRock's IVV ETF and Micron stock under US custodial model

Quick TakeOndo on Thursday launched tokenized versions of BlackRocks IVV ETF and Micron stock under the third-party custodial framework described by the SEC in January.  Ondo Finance expanded its U.S. footprint on Thursday with the launch of tokenized versions of BlackRocks iShares Core Ss entitlement to those holdings. Ondo said its tokenized IVV and Micron products are built around that framework.  Under the model, the underlying shares remain in the conventional U.S. custody chain, while Oasis Pro TA, Ondos SEC-registered transfer agent subsidiary, mints corresponding tokens backed 1:1 by the securities. The tokens are issued on Ethereum and held by regulated custodians, according to the statement.  Token holders receive the same shareholder rights and protections available through traditional brokerage accounts, including issuer communications and onchain proxy voting through Broadridges ProxyVote.com platform. Transfer restrictions are enforced by participating broker-dealers, transfer agents, and custodians in line with existing regulatory requirements, Ondo said.  “Todays milestone shows we can tokenize securities in ways that meet both market and regulatory requirements, for U.S. and global investors and provides a strong foundation for our expanding access to onchain investments for more U.S. investors,” Ondo Finance CEO Ian De Bode said.  Ondo focuses on tokenizing real-world assets and institutional financial products. Its

07-02انڈسٹری

Bitget expands Stock+ platform with US stock options trading

Quick TakeBitget launched U.S. stock options on Thursday, adding long call and long put strategies to its Stock+ platform for eligible users.  Seychelles-based crypto exchange Bitget launched U.S. stock options trading for eligible users, expanding its Stock+ offering beyond tokenized stocks and other traditional market products.  The launch introduces long call and long put positions at the outset, allowing users to take directional exposure or manage downside risk through options purchases. Buyers risk is limited to the premium paid, though contracts may expire without value if expected price moves do not materialize, the exchange said in a statement shared with The Block on Thursday.  According to the statement, the initial release focuses on single-leg options buying, with more advanced multi-leg strategies planned for future updates. The product is part of Bitgets Stock+ offering, which already includes tokenized stocks and pre-IPO access to private market opportunities.  Bitget said the rollout comes as demand for listed options reached record levels in 2025, with the U.S. options market processing more than 15.2 billion contracts, averaging roughly 60 million contracts per trading day. The exchange cited the growth as reflecting broader use of options by retail and institutional participants for directional trading, hedging, and capital management.  “From tokenized stocks

07-02انڈسٹری

Peter Thiel-backed crypto-friendly Erebor Bank eyes $8 billion valuation as deposits nearly quadruple: Bloomberg

Quick TakeErebor Bank, a crypto- and defense-focused startup founded by Palmer Luckey and backed by Peter Thiel, is in talks to raise funding at a valuation of at least $8 billion, roughly double its $4.35 billion valuation from December, according to Bloomberg.The banks deposits have nearly quadrupled since March to $4.05 billion, and it expects to be profitable by the end of the year.  Erebor Bank, the crypto- and defense-focused startup founded by Palmer Luckey and backed by Peter Thiel, is in talks to raise funding at a valuation of at least $8 billion.  The potential valuation would roughly double the $4.35 billion level Erebor secured in a $350 million funding round in December, Bloomberg reported, citing people familiar with the matter. The talks are preliminary, and the valuation is still under discussion, the people said.  The banks deposit base has nearly quadrupled since March, reaching $4.05 billion from the $1.1 billion it disclosed to regulators at the end of that month, per the report. Erebor also added nearly 400 customers over the past three months and expects to be profitable by year-end.  Luckey said none of the banks deposit growth this quarter came from his own companies, adding that hundreds of new customers

07-02انڈسٹری

OFAC sanctions 134 ISIS-K crypto wallet addresses as Tether freezes funds

The US Department of the Treasurys Office of Foreign Assets Control (OFAC) sanctioned 134 cryptocurrency wallet addresses identified as belonging to ISIS-Khorasan (ISIS-K), which has been a Specially Designated Global Terrorist since September 2015.  The wallet addresses were added to the OFACs Specially Designated Nationals (SDN) list on Wednesday, which includes individuals, entities and digital asset addresses linked to terrorism, narcotics trafficking and other illicit activity.  Stablecoin issuer Tether has frozen the balances associated with 131 Tron addresses, while the remaining three sanctioned addresses were on the Monero network, blockchain forensics company Chainalysis said in a Wednesday report.  The development comes over a week after the OFACs previous round of sanctions against ISIS-supporting financiers using cryptocurrency. On June 22, the OFAC sanctioned three individuals and six entities across Europe, the Middle East and West Africa, including Syria-based MSB Bitcoin Xchange and Turkish MSB Spider.  OFAC said the previous round of sanctions targeted “key facilitators who enable ISIS to move funds among its regional affiliates.”OFAC update to SDN list, new wallets included. Source: OFAC  131 wallets linked to ISIS-K received $1.4 million in donations  ISIS-K has historically solicited crypto through donation campaigns on various websites and messaging platforms, Chainalysis said.  The report said that the 131 Tron addresses

07-02انڈسٹری

Ezra Reguerra

Aave brings V3 lending and GHO stablecoin to Monad  Aave launched its V3 lending protocol on Monad with 12 supported assets as the network commits $15 million in first-year incentives to build liquidity and adoption.

07-02انڈسٹری

SBI Crypto shuts Bitcoin mining pool after 5-year run

SBI Crypto, a cryptocurrency-focused division of Japanese financial conglomerate SBI, is shutting down its Bitcoin mining pool after a five-year run.  The company announced Wednesday that it will end mining pool operations on July 31 and will stop accepting mining shares at the same time. It did not provide its rationale for closing the pool.  SBI Crypto said miners should keep directing hashrate to the pool until the cutoff so final payouts can be calculated correctly before operations end. “We would sincerely appreciate your continued support by mining with us until the final day of operation,” it said.  The shutdown marks the end of one of Japan‘s better-known corporate mining pool operations and is the latest sign of SBI’s intentions to expand its broader cryptocurrency strategy beyond mining.  SBI Cryptos BTC mining pool ranks No. 12 globally  SBI Crypto launched its Bitcoin mining pool in March 2021, entering a market that at the time was dominated by operators such as Poolin, F2Pool and Binance Pool.  Data from SimpleMining shows SBI Crypto currently ranks as the 12th largest Bitcoin mining pool globally, with about 21.46 exahashes per second (EH/s) of hashrate and roughly 2.24% of total Bitcoin network share.Source: SimpleMining  That places it far behind leaders like Foundry

07-02انڈسٹری
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