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Singapore Gulf Bank launches fee-free stablecoin creation on Solana for institutional users

Market News
17 Apr 2026
Blockonomi
View Source
Bullish
pluang ai news

Singapore Gulf Bank has introduced a new platform allowing institutional clients to create and withdraw stablecoins on the Solana blockchain without transaction fees during a promotional period. This service enables instant fiat-to-digital currency conversion and 24/7 international settlements, reducing reliance on traditional banking networks. Initially supporting USD Coin with plans to add more stablecoins, the platform bridges conventional banking and blockchain technology to speed up global payments and improve operational efficiency. The initiative highlights growing institutional adoption of blockchain-based financial solutions.

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