On February 2, news, Singapore’s Gulf Bank (SGB) announced the launch of a new regulated fiat-stablecoin interoperability service, allowing institutional clients to mint, exchange, hold, and trade stablecoins within a single compliant platform. This service will be deployed on its proprietary clearing network SGB Net, supporting the circulation of mainstream stablecoins such as USDT and USDC across multiple blockchain networks, and can be directly integrated with fiat settlement systems.
SGB stated that the current stablecoin management process remains complex, and institutions face high friction costs in compliance, custody, and clearing. CEO Shawn Chan pointed out that the bank’s goal is to provide a unified infrastructure for traditional finance and digital assets, enabling seamless movement of funds between on-chain and off-chain.
SGB Net is the real-time multi-currency clearing network launched by the bank this year, primarily targeting digital asset-related enterprises. Currently, its monthly fiat processing volume has exceeded $2 billion. The new service will operate on this network and include comprehensive KYC, KYB, and anti-money laundering compliance modules to meet cross-border payment and institutional-level risk control requirements.
In terms of fund security, SGB has partnered with crypto infrastructure provider Fireblocks, which provides custody and security technology support. The two parties reached a strategic cooperation in November last year, aiming to reduce operational risks and improve settlement efficiency through automation. SGB revealed that it is currently working with ecosystem partners and regulators to advance the final compliance framework, which is expected to go live in the first quarter of 2026.
From an industry perspective, the demand for regulated stablecoins is rising, especially for dollar-pegged stablecoins, which have become an important tool for global digital settlements and cross-border liquidity. Recently, Tether launched a compliant stablecoin USA₮; in the UAE, USDU has also received approval from the central bank. These developments indicate that the integration of traditional finance and blockchain is accelerating, and SGB’s deployment may become a key regional infrastructure node.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Rune Christensen-Linked Address Goes Long on Oil With $4M USDC
Rune Christensen's crypto wallet made waves by depositing $4M in $USDC into HyperLiquid, opening leveraged oil positions. This risky move amid geopolitical instability has sparked discussions on speculation versus calculated risk in the crypto community.
BlockChainReporter6h ago
Circle completes $68 million in internal settlements among 8 entities using USDC within the first month
Circle CEO Jeremy Allaire revealed that Circle has completed internal entity transfers using USDC through the Circle Mint platform, transferring over $68 million in the first month, with significantly higher efficiency than traditional bank wire transfers. The platform will launch a fund management update in March to optimize account transfers and integrate with accounting system APIs.
GateNews8h ago
USDC tops Tether as stablecoin transfers hit all-time high $1.8T
Stablecoins are delivering a liquidity surge unseen in recent cycles, with February marking a record on-chain transfer activity and signaling a shift in how capital moves through crypto markets. Allium’s data shows total stablecoin transfers climbed to $1.8 trillion in February, underscoring a
CryptoBreaking12h ago
February stablecoin trading volume hits a new monthly high of $1.8 trillion, with USDC accounting for 70%
Gate News reports that on March 7th, according to Allium data, the trading volume of stablecoins in February reached $1.8 trillion, setting a new monthly record. Among them, USDC accounted for approximately 70% of the total trading volume, reaching $1.26 trillion; USDT's trading volume in February was $514 billion.
GateNews13h ago
South Korea plans to ban corporate investments in stablecoins, and USDT and USDC may be excluded from the permitted scope.
Gate News Report, March 7 — According to Korean media, the Korea Financial Services Commission is drafting the "Corporate Virtual Currency Trading Guidelines," which may exclude stablecoins from the permitted investment scope. The guidelines will outline the standards for listed companies and registered professional investment firms to trade digital assets for investment or financial purposes. To prevent reckless investments in the early stages of the market, regulators have decided to exclude dollar-pegged stablecoins such as Tether (USDT( and USD Coin )USDC( from the allowable investment range.
GateNews14h ago
Circle Settles $68M in USDC Transfers Across 8 Entities
Circle used USD Coin to settle $68M across eight entities in under 30 minutes via its Circle Mint treasury platform.
The stablecoin workflow replaced bank wires that usually take one to three days, enabling faster intercompany treasury settlements.
Circle Mint maintained treasury
CryptoFrontNews15h ago
