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2026-04-17 09:36:30 UTC

Blockchain Report on Nostr: Singapore Gulf Bank (SGB) has launched a stablecoin service aimed at corporate ...

Singapore Gulf Bank (SGB) has launched a stablecoin service aimed at corporate clients and high-net-worth individuals, offering 24/7 real-time conversion between fiat currencies and stablecoins. The initial phase will feature a 1:1 exchange between USD and USDC on the Solana blockchain. SGB plans to extend this functionality to individual users by the end of the second quarter of this year and intends to support additional stablecoins such as USDT, USDe, and USDG.

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