SGB has launched new stablecoin solutions.
Singapore Gulf Bank has introduced a no fee promotion for stablecoin conversion on Solana for fiat to USDC across client accounts on its banking platform. Outside of this offer, 4 other chains are supported including Ethereum, Avalanche, Arbitrum and Base.
Regulated by the Central Bank of Bahrain, SGB is also targeting high-ticket volumes with minting and redemption activities on Solana applying to 6 figure+ transactions regularly handled by businesses.
SGB is leaning into stablecoin rails and benefits as part of its wider multi-currency and corporate product offering. Recently, they also had enabled virtual accounts for collection of invoices, as well as powering clearing using their SGB Net to provide year-round liquidity.
