Standard Chartered Bank announced that it will provide cash management, trading, and custody services for Paxos' stablecoin issuance outside the United States.

According to Ledgerinsights, Standard Chartered Bank announced that it will provide cash management, trading, and custody services for Paxos' stablecoins issuance outside the United States, including the Abu Dhabi issuance of Lift Dollar (USDL, Market Cap 54 million USD) and the Singapore issuance of Global Dollar (USDG, Market Cap 29 million USD). This collaboration does not include Paxos' stablecoins issued in the United States (such as PayPal USD). Standard Chartered stated that the aim of this move is to promote the security and regulatory compliance of global stablecoin solutions.