{"id":71287,"date":"2026-04-17T12:22:30","date_gmt":"2026-04-17T12:22:30","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/singapore-gulf-bank-unveils-stablecoin-mint-and-redeem-service-for-institutional-clients\/"},"modified":"2026-04-17T12:22:30","modified_gmt":"2026-04-17T12:22:30","slug":"singapore-gulf-bank-unveils-stablecoin-mint-and-redeem-service-for-institutional-clients","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/singapore-gulf-bank-unveils-stablecoin-mint-and-redeem-service-for-institutional-clients\/","title":{"rendered":"Singapore Gulf Bank Unveils Stablecoin Mint and Redeem Service for Institutional Clients"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li>SGB launched 24\/7 <span>stablecoin<\/span> minting on SGB Net to enable instant settlement for transactions over $100,000.<\/li>\n<li>To drive adoption, SGB is waiving <span>Solana<\/span> <span>gas<\/span> and bank fees for a limited period in a first for the industry.<\/li>\n<li>Following its April 2026 BNY partnership, SGB will next add support for <span>USDT<\/span>, USDe and USDG <span>stablecoins<\/span>.<\/li>\n<\/ul>\n<h2>Fee Waivers<\/h2>\n<p>Singapore Gulf Bank (SGB), the digital wholesale bank backed by Bahrain\u2019s sovereign wealth fund, Mumtalakat, and Singapore\u2019s Whampoa Group, announced the launch of its <span>stablecoin<\/span> mint and redeem service.<\/p>\n<p>The new offering allows corporate and high-net-worth clients to convert between fiat currency and <span>stablecoins<\/span> directly through their SGB accounts. By bypassing traditional correspondent banking flows, the service enables instant, 24\/7 settlement, addressing long-standing inefficiencies in cross-border capital movement.<\/p>\n<p>In a move described as a banking industry first, SGB is <a href=\"https:\/\/news.bitcoin.com\/osl-launches-ripple-usd-stablecoin-trading-with-zero-fee-promotion\/\">waiving both gas and bank fees<\/a> for minting and redeeming on the <span>Solana<\/span> <span>blockchain<\/span> for a limited period. The bank also announced that clients will receive volume-based rewards at the conclusion of the promotional phase.<\/p>\n<p>According to a media statement, while the bank intends to support multiple <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a> networks, <a href=\"https:\/\/markets.bitcoin.com\/crypto\/solana?utm_source=bitcoin_news\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Solana<\/a> was prioritized for these incentives because of its speed and cost efficiency.<\/p>\n<p>\u201cAs clients expand globally, the challenge of moving and settling capital across borders has become a key constraint on growth,\u201d said Shawn Chan, CEO of Singapore Gulf Bank. \u201cBy integrating <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> mint and redeem directly into the banking environment, we enable real-time movement between fiat and digital assets, improving cash flow, payments and treasury management.\u201d<\/p>\n<p>The service is natively integrated into SGB Net, the bank\u2019s proprietary clearing network. This infrastructure allows funds to move seamlessly between on-chain and off-chain environments while adhering to <a href=\"https:\/\/news.bitcoin.com\/73-of-institutional-investors-plan-to-increase-crypto-holdings-in-2026-coinbase-survey\/\">institutional standards<\/a> for compliance, custody and risk management.<\/p>\n<p>At launch, the service supports USDC for transactions exceeding $100,000. SGB indicated that support for additional assets, such as <a href=\"https:\/\/buy.bitcoin.com\/?utm_source=News\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">USDT<\/a>, ethena (USDe) and global dollar (USDG), is expected to follow.<\/p>\n<p>The launch follows SGB\u2019s most recent strategic initiative: joining BNY\u2019s correspondent banking network in early April 2026. The partnership with BNY, formerly known as Bank of New York Mellon, was designed to enhance SGB\u2019s U.S. dollar clearing capacity and payment resilience. By securing this traditional banking foundation before launching its digital asset minting service, SGB has positioned itself as a bridge between legacy global finance and the burgeoning \u201cborderless\u201d digital economy.<\/p>\n<p>\u201cWe are building the bank for a borderless world,\u201d Chan added, \u201cwhere businesses and individuals operate across jurisdictions.\u201d<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/singapore-gulf-bank-unveils-stablecoin-mint-and-redeem-service-for-institutional-clients\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: SGB launched 24\/7 stablecoin minting on SGB Net to enable instant settlement for transactions over $100,000. To drive adoption, SGB is waiving Solana gas and bank fees for a limited period in a first for the industry. Following its April 2026 BNY partnership, SGB will next [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":71288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71287"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71287"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71288"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}