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Singapore Gulf Bank allows fiat currency exchange into stablecoins 24/7
Singapore Gulf Bank (SGB) has just launched a feature allowing customers to mint and exchange USDC stablecoins directly from their bank accounts via the Solana network, with a minimum transaction of $100,000 USD and free of charge during the initial phase.
The system operates 24/7 and is integrated into the bank's internal payment infrastructure, enabling funds to move between blockchain and traditional accounts without passing through intermediary networks. The bank also plans to expand to include USDT, USDe, and USDG.