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Singapore Gulf Bank Launches Stablecoin Minting and Redemption Service for Cross-Border Settlement

GateNews

Partnerships & Ecosystem

2026-04-17 09:46:47

USDE0.02%

USDG-0.01%

Gate News message, April 17 — Singapore Gulf Bank (SGB) announced the launch of stablecoin minting and redemption services on April 17, enabling enterprises and high-net-worth clients to convert directly between fiat and stablecoins through their SGB accounts. The service offers 24/7 instant settlement without relying on traditional correspondent banking processes.

The offering is integrated into SGB’s proprietary clearing network, SGB Net, which facilitates seamless on-chain and off-chain fund flows. Initially supporting USD Coin (USDC) with a minimum transaction amount of $100,000, the service will gradually add support for USDT, USDe (Ethena), and Global Dollar (USDG).

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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