ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
ICP Zero-Fee Gala
TLDR Singapore Gulf Bank merges fiat and stablecoins in one regulated system New SGB platform enables secure multi-chain stablecoin settlement Bank bridges traditionalTLDR Singapore Gulf Bank merges fiat and stablecoins in one regulated system New SGB platform enables secure multi-chain stablecoin settlement Bank bridges traditional

Singapore Gulf Bank Launches First Bank-Run Platform for Multi-Chain Stablecoin Payments

Author: CoincentralSource: Coincentral
2026/02/02 22:15

TLDR

  • Singapore Gulf Bank merges fiat and stablecoins in one regulated system
  • New SGB platform enables secure multi-chain stablecoin settlement
  • Bank bridges traditional finance with institutional stablecoin flows
  • SGB Net upgrade simplifies compliant digital asset settlement
  • Regulated stablecoin infrastructure expands institutional liquidity

Singapore Gulf Bank launched a new service that unifies fiat payments and stablecoin transactions for institutional clients. The bank introduced this regulated platform to support rising demand for secure digital settlement options. The move strengthens its role as stablecoin usage grows across global financial systems.

SGB Net Expands Into Regulated Multi-Chain Settlement

Singapore Gulf Bank advanced its infrastructure by adding stablecoin functionality to its existing SGB Net network. The system already processes large monthly fiat volumes and supports real-time settlement workflows. The upgrade brings stablecoin operations into a regulated environment and strengthens cross-border payment capabilities.

The bank designed SGB Net to simplify complex settlement paths across traditional and digital rails. The expansion now links stablecoin transfers with established compliance controls and operational safeguards. This structure offers consistent oversight across all supported assets.

SGB integrated the new layer to handle minting, holding, conversion and transfer functions. The platform targets institutional firms that require unified liquidity management. The development responds to rising global use of stablecoin assets in payment channels.

Stablecoin Support Across Leading Blockchain Networks

The upgraded system supports major stablecoin assets across multiple chains. The bank selected USDC and USDT as the first supported tokens because they dominate digital liquidity flows. The network also enables transactions on blockchains such as Solana, Ethereum and Arbitrum.

SGB structured this setup to eliminate fragmented workflows across unregulated venues. Institutions can now manage stablecoin liquidity without shifting between separate platforms. This reduces friction and accelerates settlement while maintaining oversight.

The bank positioned the new service as infrastructure rather than a retail product. Clients can manage fiat and stablecoin balances within one regulated system. This improves operational efficiency for firms with multi-currency and multi-chain needs.

Compliance, Security and Treasury Controls Strengthen the Platform

Singapore Gulf Bank embedded strict compliance rules across all stablecoin activity. Every transaction passes through KYC, KYB and AML controls to match traditional banking standards. This framework aligns with regulatory expectations in major financial regions.

The bank partnered with Fireblocks to enhance custody and security functions. The collaboration supports automated treasury management and reduces operational risks across digital flows. The arrangement also keeps full oversight with Singapore Gulf Bank.

SGB continues to coordinate with regulators and ecosystem partners as it finalizes guardrails for the new service. This process ensures that all stablecoin operations meet required governance and risk thresholds. The bank expects institutional onboarding to begin by early 2026.

Market Momentum Strengthens Adoption of Regulated Stablecoin Solutions

Demand for regulated access to stablecoin assets continues to grow worldwide. Dollar-backed stablecoins now play a central role in global settlement routes. This trend has accelerated regulatory action across key financial jurisdictions.

Recent launches of regulated stablecoin products highlight shifting market expectations. New frameworks in the United States and the UAE have increased pressure for compliant digital settlement paths. These developments support Singapore Gulf Bank’s move toward integrated stablecoin services.

The bank aims to serve as a central bridge between fiat systems and blockchain networks. The upgraded SGB Net platform supports this goal and expands institutional access to secure digital liquidity. The initiative reinforces the shift toward stablecoin infrastructure within regulated banking.

The post Singapore Gulf Bank Launches First Bank-Run Platform for Multi-Chain Stablecoin Payments appeared first on CoinCentral.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Tether’s USDT Hits 12.6M MiniPay Wallets as $153M Flows Power Emerging Markets Push

Tether’s USDT Hits 12.6M MiniPay Wallets as $153M Flows Power Emerging Markets Push

Key Takeaways: Tether has integrated USDT and gold-backed digital asset XAUt0 into MiniPay wallet of Opera on Celo blockchain. MiniPay currently has 12.6 million
Share
Crypto Ninjas2026/02/03 01:39
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42
UK crypto holders brace for FCA’s expanded regulatory reach

UK crypto holders brace for FCA’s expanded regulatory reach

The post UK crypto holders brace for FCA’s expanded regulatory reach appeared on BitcoinEthereumNews.com. British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry. A new consultation paper outlines how the watchdog intends to apply its rulebook to crypto firms, shaping everything from asset safeguarding to trading platform operation. According to the financial regulator, these proposals would translate into clearer protections for retail investors and stricter oversight of crypto firms. UK FCA plans Until now, UK crypto users mostly encountered the FCA through rules on promotions and anti-money laundering checks. The consultation paper goes much further. It proposes direct oversight of stablecoin issuers, custodians, and crypto-asset trading platforms (CATPs). For investors, that means the wallets, exchanges, and coins they rely on could soon be subject to the same governance and resilience standards as traditional financial institutions. The regulator has also clarified that firms need official authorization before serving customers. This condition should, in theory, reduce the risk of sudden platform failures or unclear accountability. David Geale, the FCA’s executive director of payments and digital finance, said the proposals are designed to strike a balance between innovation and protection. He explained: “We want to develop a sustainable and competitive crypto sector – balancing innovation, market integrity and trust.” Geale noted that while the rules will not eliminate investment risks, they will create consistent standards, helping consumers understand what to expect from registered firms. Why does this matter for crypto holders? The UK regulatory framework shift would provide safer custody of assets, better disclosure of risks, and clearer recourse if something goes wrong. However, the regulator was also frank in its submission, arguing that no rulebook can eliminate the volatility or inherent risks of holding digital assets. Instead, the focus is on ensuring that when consumers choose to invest, they do…
Share
BitcoinEthereumNews2025/09/17 23:52