On February 2, news, Singapore’s Gulf Bank (SGB) announced the launch of a new regulated fiat-stablecoin interoperability service, allowing institutional clients to mint, exchange, hold, and trade stablecoins within a single compliant platform. This service will be deployed on its proprietary clearing network SGB Net, supporting the circulation of mainstream stablecoins such as USDT and USDC across multiple blockchain networks, and can be directly integrated with fiat settlement systems.
SGB stated that the current stablecoin management process remains complex, and institutions face high friction costs in compliance, custody, and clearing. CEO Shawn Chan pointed out that the bank’s goal is to provide a unified infrastructure for traditional finance and digital assets, enabling seamless movement of funds between on-chain and off-chain.
SGB Net is the real-time multi-currency clearing network launched by the bank this year, primarily targeting digital asset-related enterprises. Currently, its monthly fiat processing volume has exceeded $2 billion. The new service will operate on this network and include comprehensive KYC, KYB, and anti-money laundering compliance modules to meet cross-border payment and institutional-level risk control requirements.
In terms of fund security, SGB has partnered with crypto infrastructure provider Fireblocks, which provides custody and security technology support. The two parties reached a strategic cooperation in November last year, aiming to reduce operational risks and improve settlement efficiency through automation. SGB revealed that it is currently working with ecosystem partners and regulators to advance the final compliance framework, which is expected to go live in the first quarter of 2026.
From an industry perspective, the demand for regulated stablecoins is rising, especially for dollar-pegged stablecoins, which have become an important tool for global digital settlements and cross-border liquidity. Recently, Tether launched a compliant stablecoin USA₮; in the UAE, USDU has also received approval from the central bank. These developments indicate that the integration of traditional finance and blockchain is accelerating, and SGB’s deployment may become a key regional infrastructure node.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bernstein is optimistic about Circle with a 70% increase! The target price is set at $190, with a positive outlook on stablecoins as AI and payment infrastructure.
Wall Street investment firm Bernstein's latest report is bullish on USDC issuer Circle, with a target price of $190 and an expected potential increase of 70%. As stablecoins become more widespread in cross-border payments and future AI applications, Circle is poised to become a key infrastructure for the next generation of online finance. The adoption of stablecoins shows strong growth, especially in the payments sector.
動區BlockTempo2h ago
Bernstein maintains Circle's outperform rating with a target price of $190, indicating a 70% upside potential.
Analyst Bernstein maintains a bullish outlook on stablecoin issuer Circle, with a target price of $190, expecting a 70% increase. The analysis points out that stablecoins are gradually decoupling from the crypto market, with USDC supply rebounding to approximately $78 billion, and the total stablecoin supply reaching $184 billion.
GateNews3h ago
Whale 0x985f Deposits $9.5M USDC to HyperLiquid for 20x Leveraged Oil Short Positions
Gate News bot message, Whale 0x985f deposited 9.5 million USDC into HyperLiquid over the past 5 hours to short oil with 20x leverage.
The whale's positions include 94,512 xyz:CL valued at $8.17 million and 68,974 xyz:BRENTOIL valued at $6.15 million.
Additionally, the whale shorted multiple tokens
GateNews6h ago
CRCL stock price increased by 87% in a month, driven by short squeeze and the dual factors of US-Iran conflict
CRCL stock price rose about 10% on March 9, with a total increase of 87.18% over the past month. Mizuho Bank analysts pointed out that this surge was driven by Middle East geopolitical conflicts leading to high oil prices, which boosted inflation expectations and increased the earnings of stablecoin issuers. Another analysis suggests that the stock price increase was mainly due to short covering. Valuation analysis indicates that CRCL's current stock price is above its intrinsic value, posing a risk of overvaluation.
MarketWhisper7h ago
Circle stock price surges 87% in a month! How the US-Iran war and trader position adjustments are driving the rally?
Circle's stock price surged 87% in a single month due to the impact of the US-Iran conflict. Analysts have pointed out that its stock is overvalued, and the discounted cash flow model shows an intrinsic value of $42.25. The current stock price of $111.84 is 164.7% higher. The price-to-sales ratio also emphasizes that the stock is overvalued, indicating a high risk of overestimation.
CryptoCity8h ago
EDGE Chain now supports USDC, allowing users to use it in ecosystem applications like edgeX.
Gate News Announcement: On March 10,, EDGE Chain added support for USDC. Users can use USDC in edgeX and other applications within the EDGE ecosystem. Previously, Circle announced that Circle Ventures had completed a strategic investment in edgeX and reached a deep cooperation. After the relevant conditions are met, Circle plans to integrate the native USDC and its cross-chain transfer protocol CCTP into EDGE Chain.
GateNews11h ago
