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singapore gulf bank stablecoin mint redeem service institutional clients thumbnail

Singapore Gulf Bank Launches Stablecoin Mint and Redeem Service

Singapore Gulf Bank stablecoin mint and redeem service is rolling out for institutional clients, giving treasury and settlement teams a bank-run way to move between fiat balances and dollar-pegged tokens inside one regulated platform. The launch positions SGB Net as infrastructure for firms that want primary issuance and redemption access instead of relying only on secondary-market liquidity.

Singapore Gulf Bank said in a 2 February 2026 announcement that it had upgraded SGB Net to bring fiat currencies and stablecoins together for near real-time settlement and treasury workflows. The bank added that access to the stablecoin layer is scheduled to begin in Q1 2026, while SGB Net already processes more than USD 2 billion in monthly fiat transaction volume.

What the launch adds to SGB Net

The new stablecoin layer lets clients mint, convert, hold, and trade USDC and USDT across Solana, Ethereum, and Arbitrum. That matters because minting creates new stablecoins against fiat balances and redemption converts those tokens back into bank money, which is the step institutional treasury desks need when they are managing settlement windows rather than chasing exchange spreads.

Blockhead’s 3 February 2026 report independently said SGB would add stablecoin settlement to SGB Net and support USDC and USDT alongside traditional currencies. The Fintech Times on 4 February 2026 likewise said institutional clients would be able to mint, convert, and settle those assets directly against fiat.

Why direct mint and redeem access matters for institutions

Because SGB Net already handles more than USD 2 billion in monthly fiat transaction volume, the upgrade is more than a branding exercise around token support. It gives institutional users a way to treat stablecoins as a treasury rail inside a banking environment that SGB says is built around KYC, KYB, and AML controls.

SGB says it is licensed and regulated as a conventional wholesale bank by the Central Bank of Bahrain, and that framing is central to whether large clients will trust the service for payment and working-capital flows. The compliance angle also tracks the broader infrastructure debate visible in the FCA’s consultation path ahead of October 2027, Hyperbridge’s revision from $237K to about $2.5M, and Tether’s $150M support plan after Drift Protocol’s $285M exploit, where operational safeguards mattered as much as product design.

SGB chief executive Shawn Chan framed the product around operational simplicity rather than token hype.

“Stablecoins have become the working capital of the digital asset economy, yet managing them remains unnecessarily complex.”

Shawn Chan, via Singapore Gulf Bank

Key details to watch after the launch

In an 11 December 2025 preview at Solana Breakpoint, SGB said corporate customers would be able to mint and redeem directly from their SGB accounts, and it attached a zero-fee launch promotion for minting on Solana. That earlier detail gives the rollout a more concrete adoption angle than a generic launch announcement because it points to direct account-level issuance as the client workflow.

The remaining watch points are which institutions receive first access in Q1 2026, how onboarding works across Asia and Gulf payment corridors, and how the bank stages production support for USDC and USDT on Solana, Ethereum, and Arbitrum. SGB also said it is working with issuers, ecosystem partners, and regulators on guardrails and risk management, which will determine whether the service becomes everyday settlement infrastructure rather than a niche feature for early adopters.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.