Singapore Gulf Bank has launched USDC minting and redemption services on the Solana network for institutional clients, enhancing transaction efficiency and addressing challenges in transferring large sums between traditional and crypto markets.

Solana's Chief Product Officer bought $10,000 in XRP to showcase wXRP's utility, driving $1 million in liquidity within 24 hours. This highlights growing interoperability in DeFi and signals a shift in liquidity flows as ecosystems merge.

OCBC and Lion Global Investors are launching a physical gold fund token, GOLDX Token, on Ethereum and Solana blockchains, with OCBC handling design and Lion Global managing investment and governance.

Solana introduced WXRP, a bridged token equal to XRP, on April 18. Issued by Hex Trust and supported by LayerZero, WXRP allows XRP holders to engage in Solana's DeFi ecosystem while retaining their original assets. It is backed 1:1 by XRP and can be redeemed anytime.

Orca, the Solana liquidity protocol, addressed a security incident at its hosting provider, Vercel, by rotating compromised keys. They confirmed that user funds were unaffected and will provide updates as the situation evolves.

Patrick Witt announced at the Solana Policy Institute summit that the White House mediated a stablecoin dispute to advance the Clarity Act. The compromise allows banks and crypto firms to together address regulatory concerns, with future focus on crypto taxation and blockchain integration strategies among financial institutions.

Singapore Gulf Bank has introduced a stablecoin conversion service for corporate and high-net-worth clients, enabling zero-fee fiat-to-stablecoin transactions on the Solana network. It supports multiple blockchains and enhances liquidity management.

Ripple's XRP launched on Solana as a wrapped cross-chain asset on April 17, partnering with Hex Trust and others. This move, aimed at boosting liquidity and expanding access to Solana's DEX ecosystem, highlights Solana's growing role in cross-chain tokenization.

Singapore Gulf Bank launched a stablecoin minting and redemption service for corporate clients, allowing conversions between fiat and USD stablecoins with no fees on Solana for transactions over $100,000. This aims to enhance cash flow and boost USDC adoption.

Solana (SOL) is trading at $88.87, with a daily gain of 3.84%. Analysts indicate that maintaining support above $87 is crucial to potentially reach $120. Liquidation clusters influence price action, and a breakout above $107 could confirm upward momentum.