Singapore Gulf Bank (SGB) announced on Friday that it has launched a stablecoin mint and redeem service, allowing its corporate and high-net-worth clients to convert directly between fiat and stablecoins from within their SGB accounts.
The in-bank stablecoin settlement service, which SGB first announced in February, at launch supports USDC on Solana for transactions above $100,000.
The launch follows SGB's recent admission to the Circle Alliance Program, Circle's global network of USDC-focused partners.
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