- Bank enables 1:1 USD to USDC conversion with instant settlement across regulated accounts
- Solana integration delivers 24/7 processing with zero fees during the launch period
- Expansion plans include multi-stablecoin support and broader access by end of Q2
The bank expands its stablecoin infrastructure with instant mint and redeem services, enabling seamless fiat-to-USDC conversion for institutional clients.
A new settlement model takes shape as regulated banking rails connect directly with blockchain liquidity. The system enables continuous conversion between fiat and USDC across global markets. As a result, digital settlement now operates beyond traditional banking hours with higher speed and efficiency.
USDC Integration and Institutional Access
The platform builds its core service around 1:1 USD and USDC conversion for qualified clients. It supports high-value transfers above 100,000 USD with automated execution across accounts.
Consequently, institutional users gain faster settlement without reliance on correspondent banking delays.
Singapore Gulf Bank @sgb_app has launched a stablecoin mint and redeem service, enabling 1:1 USD–USDC conversion on Solana with 24/7 settlement and waived fees for a limited time. The service currently targets institutional clients and plans to open to individuals by the end of…
— Wu Blockchain (@WuBlockchain) April 17, 2026
A zero-fee structure applies during the launch phase for minting and redeeming USDC on Solana. Additionally, volume-based rewards are introduced to encourage higher transaction activity. This design improves liquidity movement across digital treasury operations and payment flows.
Shawn Chan, CEO of the bank, said cross-border capital movement remains a core challenge for global operations.
He also stated that real-time conversion between fiat and digital assets improves treasury efficiency and payment speed. His comments highlight the push toward integrated financial infrastructure across systems.
Solana Infrastructure and Network Expansion
Solana functions as the primary blockchain layer for stablecoin settlement and execution. The network delivers high-speed processing and low transaction costs for institutional flows.
Therefore, settlement finality improves across multiple global time zones.
The system integrates directly into the internal clearing framework known as SGB Net. It connects on-chain activity with off-chain banking records in real time. As a result, capital movement becomes more synchronized across traditional and digital rails.
Plans are underway to expand support beyond Solana to additional blockchain networks.
The service will also include stablecoins such as USDT, USDe, and USDG. Consequently, the platform evolves into a broader multi-asset settlement infrastructure.
Strategic Rollout and Market Positioning
The rollout prioritizes institutional clients before extending access to individuals by the end of Q2.
Current operations focus on transactions exceeding 100,000 USD.
This phased structure ensures controlled scaling of digital liquidity services.
Compliance remains central across custody, execution, and transfer operations. The system operates within a regulated framework to maintain transaction integrity.
Therefore, risk oversight stays embedded within every settlement layer.
The platform positions itself as a bridge between traditional banking systems and blockchain settlement networks.
Future expansion targets wider user adoption across multiple client segments. Consequently, digital asset infrastructure continues moving closer to mainstream financial integration.
