Standard Chartered and Circle announced a partnership to enable bank-led minting and redemption of USDC (USD Coin) stablecoins for institutional clients. The service launches in Dubai’s DIFC financial hub with plans for global expansion.
Standard Chartered analyst Geoff Kendrick has signaled to clients that the cryptocurrency market has likely bottomed, with ‘winter is over’ commentary suggesting improved market conditions ahead. The analyst identified three signs of a Bitcoin bottom as part of the outlook.
Standard Chartered CEO Bill Winters apologized for controversial comments he made about artificial intelligence and its impact on ‘lower-value human capital,’ which triggered significant public backlash.