SGB brings USDC mint-and-redeem into Bahrain banking

Singapore Gulf Bank has launched a Bahrain-regulated bank-account lane for stablecoin minting and redemption, starting with USDC transactions above USD 100,000 for corporate and high-net-worth clients.

Singapore Gulf Bank has launched an account-linked stablecoin mint-and-redeem lane for eligible corporate and high-net-worth clients, beginning with USDC transactions above USD 100,000.

The strongest reading is a live Bahrain-regulated bank channel for fiat-to-stablecoin workflow, with volumes, retail reach, and the full production chain still unproved.

Singapore Gulf Bank’s April 17 launch gives Bahrain a bank-account stablecoin conversion rail: corporate and high-net-worth clients can move between fiat and USDC through SGB accounts and SGB Net. The evidence proves a live service lane, not flow scale, retail availability, or SGB issuance of the stablecoins.