The post SGB Launches Stablecoin Mint Conversion and Redeem Service appeared on BitcoinEthereumNews.com.

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 Mint and Redeem Service Singapore Gulf Bank (SGB), a Bahrain-regulated digital wholesale bank, has launched its stablecoin minting and redemption service, enabling institutional and corporate clients to seamlessly convert between fiat USD and USDC directly from their SGB accounts. The service supports instant 1:1 conversions across multiple blockchains, including ETH, SOL, Base, ARB, and AVAX. On Solana, clients benefit from zero gas, banking, and minting fees during the promotional launch period, making it particularly efficient for high-volume treasury operations and crypto payments. The Bank’s Clearing Network Powers Fee-Free Settlements The bank’s proprietary SGB Net, a real-time, multi-currency clearing network, powers the new stablecoin mint and redeem service by enabling seamless, fee-free settlements between fiat and digital assets. For instance, when clients deposit fiat USD and request USDC minting or redemption, SGB Net coordinates the internal transfer and on-chain execution instantly.  At launch, the service supports USD Coin (USDC) transactions above USD 100,000, with additional stablecoins, including Tether (USDT), USDe (Ethena), and Global Dollar (USDG), to be added…

---

Filed under: News - @ April 18, 2026 4:24 am