Standard Chartered Bank will provide cash management, trading, and custody services for the stablecoins issued by Paxos outside of the United States

2024-12-12 19:25:32

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ChainCatcher news, Standard Chartered Bank announced that it will provide cash management, trading, and custody services for the stablecoins issued by Paxos outside the United States.

It is reported that Paxos has issued the Lift Dollar (USDL) in Abu Dhabi, with a market capitalization of $54 million, and the Global Dollar (USDG) in Singapore, with a market capitalization of $29 million.

John Collura of Standard Chartered Bank stated, "Our partnership with Paxos reflects Standard Chartered's commitment to trust and innovation in the future of digital finance. By providing robust cash management, trading, and custody services, we support the next generation of secure and regulated digital asset solutions in driving global adoption and economic inclusion."

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