[Singapore Gulf Bank Launches Stablecoin Services, Supporting USDC Minting and Redemption] Foresight News reports that Singapore Gulf Bank (SGB) has launched stablecoin minting and redemption services. Corporate and high-net-worth clients can now directly exchange fiat currency and stablecoins through their SGB accounts, enabling 24/7 instant settlement. To support this launch, SGB will temporarily waive gas fees and bank charges incurred from minting and redeeming tokens on the Solana blockchain, and clients will be eligible for rewards based on transaction volumes. This service has been integrated into its proprietary clearing network, SGB Net, and initially supports USDC transactions of $100,000 or more, with plans to add support for USDT, USDe, and USDG in the future. Singapore Gulf Bank CEO Shaun Tan stated that this initiative aims to achieve real-time conversion between fiat currency and digital assets, optimizing cash flow and fund management.