Updated April 17, 2026 at 10:00 PMCoinCex editorial review
Singapore Gulf Bank Launches In-Bank Settlement for USDC on Solana
The bank says it plans to add other stablecoins across multiple blockchains to the service.
Singapore Gulf Bank (SGB) announced on Friday that it has launched a stablecoin mint and redeem service , allowing its corporate and high-net-worth clients to convert directly between fiat and stablecoins from within their SGB accounts. The in-bank stablecoin settlement service, which SGB first announced in February, at launch supports USDC on Solana for transactions above $100,000. The launch follows SGB's recent admission to the Circle Alliance Program , Circle's global network of USDC-focused partners. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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