Singapore Gulf Bank (SGB) has introduced a service that allows institutional clients to mint and redeem stablecoins directly from their bank accounts using the Solana layer-1 blockchain network. The service will initially support Circle USDC (USDC) transactions over $100,000 and includes temporary fee waivers for minting and redemption on the network. Additional assets such as Tether’s USDT (USDT), Ethena’�s USDe (USDe) and Global Dollar are expected to follow. The launch comes as payment networks, regulators and banks are moving towards integrating stablecoin settlement and blockchain infrastructure into the traditional financial system to reduce costs and settlement times.