SGB Launches Instant Stablecoin Mint Conversion and Redeem Service
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Apr 17, 2026: Singapore Gulf Bank (SGB) launched instant USD→USDC mint and redeem from fiat across Ethereum, Solana, BASE, Arbitrum and Avalanche via SGB Net. Solana chosen for initial incentives for speed and low cost; SGB waived gas, mint and bank fees to enable faster crypto and cross-border business payments. Integrated on-chain/off-chain clearing targets institutional adoption and strengthens stablecoin rails for DeFi, CEX flows and crypto payments infrastructure.
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- SGB has launched instant USD to USDC conversion from fiat accounts across ETH, SOL, BASE, ARB, and AVAX.
- The service uses the SGB Net clearing network and chose Solana for its speed, waiving all gas, mint, and bank fees.
- This enables faster crypto payments and cross-border payments and could boost institutional adoption.
On April 17, 2026, Singapore Gulf Bank (SGB) announced live instant USD to USDC conversion from fiat accounts across Ethereum (ETH), Solana (SOL), BASE, Arbitrum (ARB), and Avalanche (AVAX) blockchains, targeting businesses for crypto payments.
Solana was chosen for the initial incentives due to its high speed and low costs, which align with SGB’s broader product ecosystem. Stablecoin minting and the redeem service are integrated into SGB Net, enabling seamless movement of funds between on-chain and off-chain systems.
SGB Launches Stablecoin M…
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Coins
$ 1.79K
+2.42%$ 0.280
$ 0.99977
+0.01%$ 77.76
-0.44%$ 6.74
+0.35%Predictions Markets
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