Singapore Gulf Bank Launches USD to USDC Service on Solana

Singapore Gulf Bank Launches USD to USDC Service on Solana

The post Singapore Gulf Bank Launches USD to USDC Service on Solana appeared first on Coinpedia Fintech News

Singapore Gulf Bank has introduced a regulated on-chain banking service on Solana that allows institutional clients to mint and redeem USDC directly from USD at a 1:1 ratio. The system enables instant 24/7 settlement from bank accounts to stablecoins, with temporary zero fees on transactions, gas, and minting. Initially aimed at businesses and high-net-worth clients, the service is designed to support faster cross-border payments and treasury operations, with plans to expand access to retail users in the future.

Read Entire Article


Add a comment