Gate News message, April 17 — Singapore Gulf Bank (SGB) announced the launch of stablecoin minting and redemption services on April 17, enabling enterprises and high-net-worth clients to convert directly between fiat and stablecoins through their SGB accounts. The service offers 24/7 instant settlement without relying on traditional correspondent banking processes.
The offering is integrated into SGB’s proprietary clearing network, SGB Net, which facilitates seamless on-chain and off-chain fund flows. Initially supporting USD Coin (USDC) with a minimum transaction amount of $100,000, the service will gradually add support for USDT, USDe (Ethena), and Global Dollar (USDG).
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
Mastercard in Talks to Integrate Ripple's RLUSD for Direct Card Settlement
Mastercard is set to integrate Ripple's RLUSD stablecoin into its payment network for card settlements, collaborating with Gemini for a live launch in 2026. This strategic partnership aims to enhance cross-border transactions, improving speed and reducing costs.
GateNews33m ago
Stables and Mansa Partner to Bridge Asia’s Stablecoin Connectivity Gap
Stables and Mansa have partnered to launch a liquidity layer for USDT corridors in Asia, addressing the stablecoin connectivity gap. This collaboration aims to support the region's 60% share of global stablecoin flows, benefiting underserved 150 currencies.
Coinpedia2h ago
Sui Launches USDsui Native Stablecoin Across DeFi Ecosystem
Sui blockchain has launched its native stablecoin, USDsui, now integrated into various digital wallets and DeFi applications. This launch enhances Sui's DeFi infrastructure, facilitating peer-to-peer lending and automated trading while reducing reliance on external stablecoins. Its success relies on broad adoption within the ecosystem.
GateNews2h ago
Atlas Goes Live on Rootstock With Support for BTC, ETH, USDC, and More
Rootstocklabs has launched Atlas, a single interface for moving bitcoin and other assets into Rootstock, the Bitcoin layer two ( L2) network that has operated since 2018.
Key Takeaways:
Rootstocklabs launched Atlas on April 15, 2026, consolidating BTC bridging into one interface for all users.
B
Coinpedia2h ago
Ripple Executive Details XRP Ledger's Role in Institutional Finance at Paris Blockchain Week
Ripple's Marcus Infiner outlined a strategy for institutional adoption of blockchain at Paris Blockchain Week, emphasizing collaboration between crypto firms and traditional finance. He highlighted the XRP Ledger's compliance and efficiency for cross-border payments and on-chain markets, advocating for integration into existing systems.
GateNews3h ago
Uniswap Labs Launches Developer Platform with AI Tools and Expanded API Access Across 18 Blockchains
Uniswap Labs launched a Developer Platform offering tools for DeFi integration, including an AI toolkit, API playground, and liquidity management features. With over 500,000 developers accessing resources, the platform aims to simplify integration and enhance developer capabilities.
GateNews4h ago
