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Singapore Gulf Bank launches instant 24/7 USDC mint and redeem service for global fiat-stablecoin conversion.

Protocol Fundamentals
17 Apr 2026
CoinPedia
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Bullish
pluang ai news

Singapore Gulf Bank (SGB) has introduced a new service allowing institutional clients to instantly convert US dollars to USDC stablecoins and back at a 1:1 ratio, operating 24/7 with zero fees for a limited time. This service, built on the Solana blockchain for speed and low costs, aims to streamline cross-border payments and improve liquidity for large businesses by eliminating traditional banking delays. Currently targeting corporate and high-net-worth clients with plans to expand to retail users by mid-2026, SGB has processed over $7 billion in transactions and plans to add more stablecoins soon, potentially transforming global payment systems.

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