Singapore Gulf Bank Adds Fiat-to-Stablecoin Conversion Feature
Singapore Gulf Bank (SGB) has introduced a service that lets institutional clients mint and redeem stablecoins directly from their bank accounts, using the Solana layer-1 blockchain network to enable round-the-clock settlement between fiat and digital assets. The service will initially support Circle USDC (USDC) transactions above $100,000 and includes temporary fee waivers for minting and…