On February 2, news, Singapore’s Gulf Bank (SGB) announced the launch of a new regulated fiat-stablecoin interoperability service, allowing institutional clients to mint, exchange, hold, and trade stablecoins within a single compliant platform. This service will be deployed on its proprietary clearing network SGB Net, supporting the circulation of mainstream stablecoins such as USDT and USDC across multiple blockchain networks, and can be directly integrated with fiat settlement systems.
SGB stated that the current stablecoin management process remains complex, and institutions face high friction costs in compliance, custody, and clearing. CEO Shawn Chan pointed out that the bank’s goal is to provide a unified infrastructure for traditional finance and digital assets, enabling seamless movement of funds between on-chain and off-chain.
SGB Net is the real-time multi-currency clearing network launched by the bank this year, primarily targeting digital asset-related enterprises. Currently, its monthly fiat processing volume has exceeded $2 billion. The new service will operate on this network and include comprehensive KYC, KYB, and anti-money laundering compliance modules to meet cross-border payment and institutional-level risk control requirements.
In terms of fund security, SGB has partnered with crypto infrastructure provider Fireblocks, which provides custody and security technology support. The two parties reached a strategic cooperation in November last year, aiming to reduce operational risks and improve settlement efficiency through automation. SGB revealed that it is currently working with ecosystem partners and regulators to advance the final compliance framework, which is expected to go live in the first quarter of 2026.
From an industry perspective, the demand for regulated stablecoins is rising, especially for dollar-pegged stablecoins, which have become an important tool for global digital settlements and cross-border liquidity. Recently, Tether launched a compliant stablecoin USA₮; in the UAE, USDU has also received approval from the central bank. These developments indicate that the integration of traditional finance and blockchain is accelerating, and SGB’s deployment may become a key regional infrastructure node.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Denaria Suffers a Smart Contract Attack, Losing About $165,000
A decentralized perpetual contract trading platform Denaria announced that its smart contract was attacked, resulting in a loss of about $165k. The team is investigating with the auditors and has suspended the user interface while preparing a refund process. Denaria hopes to avoid legal action by inviting the attacker to contact them through a bounty program.
GateNews3h ago
Giant whale yeti.hl deposits 2.19 million USDC, buying 58,884 HYPE with $37.21 per token
Gate News message: April 6, according to Onchain Lens monitoring, the whale yeti.hl deposited 2,190,000 USDC into HyperLiquid 30 minutes ago and bought 58,884 HYPE at a price of $37.21 per HYPE token.
GateNews6h ago
Circle minted about 3.25 billion USDC on Solana over the past 7 days, setting the record for the largest weekly minting volume of 2026.
Gate News, April 6, according to SolanaFloor data, Circle minted about 3.25 billion USDC on the Solana chain over the past 7 days, setting a record for the largest stablecoin single-week minting volume in 2026.
GateNews7h ago
Whale address loracle.hl offloaded 450k HYPE tokens in a full liquidation, cashing out more than 15 million USDC
Gate News message, April 6, Onchain Lens monitoring shows that the whale address loracle.hl has sold off all of its held 450,000 HYPE tokens, receiving a total of 15,012,000 USDC. Of this, 12,725,000 USDC has been transferred to a certain CEX.
GateNews13h ago
Create a new address and deposit 3.98 million USDC into Hyperliquid, opening a 20x short worth $20.25 million in ETH
Gate News report: On April 6, according to Lookonchain monitoring, ETH has returned above $2,100. Within the past 2 hours, a newly created address deposited 3.98 million USDC into Hyperliquid and shorted 9,526 ETH using 20x leverage (worth $20.25 million). It is currently down $255k unrealized.
GateNews13h ago
TRX/USDC trading pairs now available on Aerodrome, fueling cross-chain liquidity for TRON's ecosystem
This publication is provided by the client. The text below is a paid press release that is not part of Cointelegraph.com independent editorial content. The text has undergone editorial review to ensure quality and relevance, it may not reflect the views and opinions of Cointelegraph.com. Readers
Cointelegraph04-05 14:33
