Singapore Gulf Bank adds stablecoin mint and redeem for 24/7 settlement

Singapore Gulf Bank adds stablecoin mint and redeem for 24/7 settlement

3.17%BTC$77,505 4.03%XLM$0.1738 5.02%TRX$0.3263 0.00%XMR$350.87 2.01%DOGE$0.1009 3.07%BCH$455.08 3.28%ADA$0.2636 3.76%BNB$641.88 2.17%ETH$2,439 4.56%SOL$89.70 3.32%HYPE$44.65 1.98%XRP$1.48 3.56%USD Written by Nate Kostar,Staff WriterReviewed by Robert Lakin,Staff EditorSingapore Gulf Bank adds stablecoin mint and redeem for 24/7 settlement27 minutes agoThe Bahrain-based lender lets institutional clients convert fiat currency to US dollar-pegged stablecoins directly from their accounts. Singapore Gulf Bank (SGB) has introduced a service that lets institutional clients mint and redeem stablecoins directly from their bank accounts, using the Solana layer-1 blockchain network to enable round-the-clock settlement between fiat and digital assets. The service will initially support Circle USDC (USDC) transactions above $100,000 and includes temporary fee waivers for minting and redemption on th

Source: https://cointelegraph.com/news/singapore-gulf-bank-stablecoin-mint-redeem?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound