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 […]
Key Takeaways
- Singapore Gulf Bank has expanded round-the-clock U.S.
- dollar settlement through BNY, allowing eligible payments to clear during weekends and U.S.
- 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.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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