BNY Brings 24/7 Dollar Settlement to Singapore Gulf Bank
Singapore Gulf Bank has expanded round-the-clock U.S. dollar settlement through BNY, allowing eligible payments to clear during weekends and U.S. public holidays. For crypto markets, the move is notable because traditional banks are beginning to offer one of the features that made stablecoins compelling: dollars that move beyond banking hours. BNY Pushes Traditional Banking Closer […]
BNY has expanded 24/7 U.S. dollar settlement services to Singapore Gulf Bank, enabling eligible payments to clear on weekends and U.S. public holidays. The development is notable for crypto markets because traditional banks are beginning to replicate a key advantage of stablecoins: dollars that move outside standard banking hours. While it signals gradual convergence between traditional finance and crypto infrastructure, the direct near-term price impact on major cryptocurrencies is limited.
