Singapore Gulf Bank Announces Regulated Fiat-Stablecoin Interoperability Service

Singapore Gulf Bank Adds Stablecoin Settlement to Banking Platform

Singapore Gulf Bank said on Monday it will integrate stablecoin settlement into its existing clearing network, allowing institutional clients to trade and convert digital tokens alongside traditional currencies within a regulated banking platform.The Bahrain-based bank, backed by Whampoa Group and the kingdom's sovereign wealth fund Mumtalakat, will support USDC and USDT stablecoins across Solana, Ethereum and Arbitrum blockchains through its SG…

Singapore Gulf Bank Brings Fiat and Stablecoins Together with Launch of First-of-its-Kind Regulated Platform

Singapore Gulf Bank (SGB), a fully licensed bank backed by Whampoa Group and Mumtalakat, has announced a GCC and Asian industry first bank-operated network that brings USD and stablecoins together in one regulated platform enabling near real-time settlement and simpler treasury workflows. This represents an evolution of SGB Net, its proprietary real-time clearing network. SGB Net currently processes in excess USD 2 billion in monthly fiat transa…

SGB Offers GCC/Asia Fiat-Stablecoin Interoperability

Singapore Gulf Bank (SGB), a fully licensed bank backed by Whampoa Group and Mumtalakat, has announced a GCC and Asian industry first bank-operated network that brings USD and stablecoins together in one regulated platform enabling near real-time settlement and simpler treasury workflows. This represents an evolution of SGB Net, its proprietary real-time clearing network. SGB Net currently processes in excess USD 2 billion in monthly fiat transa…

Singapore Gulf Bank announces regulated fiat-stablecoin interoperability service

Singapore Gulf Bank has announced a new service that lets institutions mint, trade and convert stablecoins to fiat within a single regulated platform. According to a press release shared with crypto.news, the new service will allow SGB clients to mint,…