Singapore Gulf Bank has unveiled a new regulated service designed to simplify how institutions interact with stablecoins, allowing clients to mint, convert, hold, and trade digital dollars alongside fiat currencies within a single banking platform.
The service, which is expected to go live by Q1 2026, reflects growing demand from institutional players for compliant and seamless access to stablecoins used in global payments and settlements.
One platform for fiat and stablecoins
According to a press release shared with crypto.news, the new offering will support major dollar-backed stablecoins including USD Coin and Tether.
Clients will be able to move between fiat and stablecoins across multiple blockchain networks namely Solana, Ethereum, and Arbitru through the bank’s proprietary infrastructure, SGB Net.
“Our ambition is to become the one bank for all of finance,” said Shawn Chan, chief executive officer of Singapore Gulf Bank. He added that current stablecoin workflows remain “unnecessarily complex” for institutions operating at scale.
Built on SGB Net with compliance at the core
SGB Net is a real-time, multi-currency clearing network launched earlier this year specifically to serve digital asset firms. The bank said the platform currently processes more than $2 billion in monthly fiat transaction volume, highlighting its growing footprint in institutional payments.
The new stablecoin service will include built-in safeguards, with full compliance across Know Your Customer (KYC), Know Your Business (KYB), and anti-money laundering (AML) requirements an area where traditional banks aim to differentiate themselves from less regulated crypto-native platforms.
To support custody and operational security, Singapore Gulf Bank has partnered with Fireblocks, a collaboration first announced in November. The bank said the partnership helps automate treasury operations while reducing operational and custody risks.
Launch expected in Q1 2026
SGB said it is currently working with ecosystem partners and regulators to finalize guardrails for the service and expects to roll out access to clients by Q1 2026.
The launch comes amid accelerating global demand for regulated stablecoin access particularly for U.S. dollar–backed stablecoins, which continue to dominate digital liquidity and cross-border settlement flows.
Stablecoins move deeper into regulated finance
The announcement follows a series of developments highlighting how stablecoins are increasingly entering regulated financial frameworks.
Last month, Tether launched USA₮, a federally regulated U.S. stablecoin designed to comply with the newly enacted GENIUS Act. In the UAE, Universal Digital Intl Limited introduced USDU, the country’s first central bank–approved, dollar-backed stablecoin.
Together, these moves underscore a broader shift: stablecoins are no longer just crypto-native tools, but are increasingly being integrated into regulated banking and payment infrastructure worldwide.
Bigger picture
Singapore Gulf Bank’s interoperability service signals how banks are positioning themselves at the intersection of traditional finance and on-chain liquidity. By offering compliant, end-to-end fiat–stablecoin rails, institutions like SGB are betting that the next phase of digital finance will be defined less by experimentation and more by regulated scale.
