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Singapore Gulf Bank

Singapore Gulf Bank

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Digital bank licensed in Bahrain

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Project Overview

SGB(（Singapore Gulf Bank）) is a digital bank licensed in Bahrain serving global investors, innovators and institutions. Geared towards the new economy, SGB offers a one-stop solution for comprehensive banking, payment and custody solutions. SGB looks to bridge conventional and digital assets and provide financial connectivity between Asia and the MENA region. SGB is operated by the Whampoa Group of Singapore.

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Singapore BayBank Launches Stablecoin Minting and Redemption Service to Support Instant Cross-Border Settlement for Enterprises

According to an official announcement, Singapore Gulf Bank (SGB) launched stablecoin minting and redemption services on April 17. Enterprises and high-net-worth individuals can now directly convert between fiat currency and stablecoins via their SGB accounts, enabling 24/7 instant settlement without relying on traditional correspondent banking processes. This service is integrated into SGB’s proprietary clearing network, SGB Net, supporting seamless on-chain and off-chain fund flows. USDC is the first stablecoin supported, with a minimum transaction amount of USD 100,000; support for USDT, USDe (Ethena), and Global Dollar (USDG) will be rolled out subsequently.

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Singapore BayBank Launches Stablecoin Minting and Redemption Service to Support Instant Cross-Border Settlement for Enterprises

According to an official announcement, Singapore Gulf Bank (SGB) launched stablecoin minting and redemption services on April 17. Enterprises and high-net-worth individuals can now directly convert between fiat currency and stablecoins via their SGB accounts, enabling 24/7 instant settlement without relying on traditional correspondent banking processes. This service is integrated into SGB’s proprietary clearing network, SGB Net, supporting seamless on-chain and off-chain fund flows. USDC is the first stablecoin supported, with a minimum transaction amount of USD 100,000; support for USDT, USDe (Ethena), and Global Dollar (USDG) will be rolled out subsequently.