Coinbase, Standard Chartered partner on global fiat payment infrastructure

Coinbase has announced a partnership with Standard Chartered to expand its fiat deposit, withdrawal, and settlement infrastructure for global institutional investors. Through this collaboration, exchange users can now access deposit and withdrawal services for AUD, SGD, CAD, and CHF, with settlement support also available for EUR and GBP transactions. Coinbase explained that this will enable institutional investors to more efficiently manage multi-currency funds and move capital between global markets. The company also added that it plans to enhance the connectivity between fiat and on-chain assets by expanding its stablecoin infrastructure in the future.