Singapore's Gulf Bank allows users to exchange fiat currency for stablecoins 24/7. Singapore Gulf Bank (SGB) has just launched a feature allowing institutional customers to mint and exchange USDC stablecoin directly from their bank accounts via the Solana network, with a minimum transaction of USD 100,000 and no fees in the initial phase. The system operates 24/7 and is integrated into the bank's internal payment infrastructure, allowing funds to move between the blockchain and traditional accounts without going through intermediary networks. The bank also plans to expand to include USDT, USDe, and USDG.
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