BNY Brings 24/7 Dollar Settlement to Singapore Gulf Bank
- —Settlement now runs on weekends and U.S. public holidays
- —Service covers account funding, corporate payables and cross-border treasury
- —Transfers are limited to eligible accounts at BNY and correspondent banks
- —SGB says it is among the first institutions globally to adopt it
Why it matters: Banks are narrowing stablecoins' always-on advantage, shifting competition toward programmability and onchain integration.
Source: Bitcoin.com