Singapore Gulf Bank has launched a service enabling institutional clients to mint and redeem stablecoins directly from bank accounts using the Solana network.
The feature supports USDC transactions above $100,000 with 24/7 settlement, removing reliance on traditional banking intermediaries and improving transaction speed.
Additional support for USDT, USDe, and USDG is expected as the platform expands its offerings.
The system integrates directly with the bank’s internal clearing infrastructure, allowing seamless movement between fiat and onchain balances in real time.
The rollout reflects a broader push by financial institutions to adopt stablecoin infrastructure for faster and cheaper settlement, particularly in cross-border payments.
Major players including Mastercard and Visa are also expanding stablecoin capabilities, while regulatory frameworks globally continue to evolve.
The stablecoin market has grown to more than $320 billion, underscoring rising institutional demand for blockchain-based financial rails.