Stock Track | Circle Internet Soars 5.08% Intraday on Standard Chartered Partnership for USDC Access

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Circle Internet Corp. (CRCL) experienced a significant price surge of 5.08% during intraday trading on Thursday.

The sharp increase appears to be driven by the announcement of a major partnership with Standard Chartered. The bank has partnered with Circle to offer its institutional clients integrated access to mint and redeem USDC stablecoins directly through its platform, positioning Standard Chartered as the first Global Systemically Important Bank (G-SIB) to provide such a service. This collaboration simplifies onboarding for clients and is expected to support on-chain settlement, treasury, and liquidity management, potentially expanding Circle's institutional reach and revenue streams.

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(CRCL) experienced a significant price surge of 5.08% during intraday trading on Thursday.</p><p>The sharp increase appears to be driven by the announcement of a major partnership with Standard Chartered. The bank has partnered with Circle to offer its institutional clients integrated access to mint and redeem USDC stablecoins directly through its platform, positioning Standard Chartered as the first Global Systemically Important Bank (G-SIB) to provide such a service. 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