Singapore Gulf Bank launches zero-fee Solana stablecoin mint and redeem service at Breakpoint 2025

Singapore Gulf Bank has introduced a Solana-based service that lets corporate clients mint and redeem major stablecoins such as USDC and USDT directly on-chain, with transaction and gas fees waived during an initial launch phase. The bank, which announced the product at Solana Breakpoint 2025 in Abu Dhabi, says the corridor runs under Singapore’s Payment Services Act and MAS's single-currency stablecoin rules, and has internally cut transfer costs to under 0.3% while settling in seconds.