Singapore Gulf Bank Launches Zero-Fee Stablecoin Minting on Solana Network

JUST IN: Singapore Gulf Bank launches stablecoin minting and redemption on Solana. pic

• Also Read :
•   Ripple News Today: VivoPower Launches $300M Institutional Ripple Equity Fund
•   ,

Since entering the market, Singapore Gulf Bank has already processed more than $7 billion in transactions. 

The bank says this demand shows growing interest from enterprises looking for seamless links between digital assets and traditional banking.

Security, Compliance, and Future Expansion

To strengthen security, SGB has partnered with Fireblocks to provide institutional-grade digital asset custody. This setup uses advanced cryptography and secure wallet infrastructure to protect client funds while meeting regulatory standards.

With zero-fee stablecoin minting, secure custody, and instant settlement tools, Singapore Gulf Bank is positioning itself as a bridge between traditional finance and decentralized finance. 

The move reflects a broader shift as banks adapt to 24/7 global markets and rising demand for faster, cheaper financial services.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Subscribe to News

FAQs

What is Singapore Gulf Bank’s zero-fee stablecoin service?

It lets verified clients convert fiat like USD or SGD into USDC or USDT on Solana instantly, with no transaction or gas fees for now.

Who can use Singapore Gulf Bank’s stablecoin minting service?

The service is currently available to corporate clients for treasury and cross-border payments, with plans to expand to personal banking later.

Is Singapore Gulf Bank’s stablecoin service secure and regulated?

Yes. SGB is regulated by Bahrain’s central bank and uses institutional-grade custody with Fireblocks to ensure security and compliance.