Singapore Gulf Bank (SGB) launched a stable currency minting and redemption service on the Solana blockchain at Breakpoint 2025 in Abu Dhabi. This service is available for businesses; customers can exchange fiat for USDC and USDT, and vice versa, with no charges involved in the process.
The service is centered on the corporate treasury side, handling cross-border transactions, eliminating the need for middleman settlements. The high-throughput, low-cost nature of the Solana network facilitates fast, optimized real-time transfers, which are unmatched by existing systems. The SGB has facilitated more than $7 billion in cross-border transactions in the Asian-GCC corridor.
SGB has partnered with Fireblocks for secured institutional-level storage, thereby complementing the SGB Net real-time clearing solution. The incorporation of stablecoin management on the blockchain, along with an established position in the regulated banking sector, sets SGB at the crossroads of TradFi and DeFi. This also caters to an increased demand from clients for global liquidity on a 24/7 basis.
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However, data from Solana revealed that WisdomTree, with $140 billion in assets under management, is bringing provable cash flow assets to the Solana blockchain. This is to facilitate the tokenization of instruments that generate income, such as dividends and royalties, providing a transparent way for investors to gain exposure on the blockchain thanks to the efficient infrastructure provided by the network.
This is a significant move that also underlines the merging of traditional finances and DeFi. The concept of asset tokenization would make real-world assets more liquid, accessible, and traceable. This move by WisdomTree is a significant step that keeps it ahead in the ever-changing crypto environment.
Technically, the crypto analyst, Ali, highlighted that the SOL price is at a critical crossroads as traders are waiting for a decisive signal. If the price is able to maintain itself above $145, it might turn around the overall trend to positive, which might lead to a buy signal, taking the prices to higher levels. This is a critical resistance point.
Source: Ali
On the flip side, a break below $125 may shift the sentiment towards a bearish area, indicating an increase in the selling pressure. This level of failure may open the way for a correction in SOL towards the deeper support levels. The traders are waiting for these pivotal points to see the massive upcoming shift in SOL.
Also Read: Solana Expands DeFi Ecosystem with XRP Integration and wXRP Launch


