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

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

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 inclusivity."