BNY Mellon Enables 24/7 USD Settlement for Singapore Gulf Bank
Singapore Gulf Bank partners with BNY Mellon to offer round-the-clock USD settlement services.
Singapore Gulf Bank partners with BNY Mellon to offer round-the-clock USD settlement services. This is an original Token Times brief synthesising 2 outlets (Bitcoin.com, The News Crypto), plus live market data, as of Wed, 14 Oct 2026 00:45:01 UTC.
This development marks a significant step in traditional banking adopting features traditionally associated with cryptocurrencies and stablecoins, potentially reducing the competitive edge of digital assets in 24/7 transaction settlement.
- Singapore Gulf Bank now offers 24/7 USD settlement via BNY Mellon.
- Service covers weekends and U.S. public holidays.
- Traditional banking encroaches on stablecoin territory with extended settlement.
Both Bitcoin.com and The News Crypto report that Singapore Gulf Bank has partnered with BNY Mellon to enable 24/7 USD settlement capabilities, including weekends and U.S. public holidays. The service utilizes BNY's USD Book Transfers solution, providing continuous settlement for both corporate and retail clients. While both outlets highlight the significance for traditional banking, Bitcoin.com specifically frames the move as a response to stablecoin competition, while The News Crypto focuses on the expanded service capabilities.
Singapore Gulf Bank has announced an expansion of its USD settlement capabilities in partnership with BNY Mellon, allowing for 24/7 transaction processing. This service enables eligible payments to be settled at any time, including weekends and U.S. public holidays.
The service operates through BNY Mellon's USD Book Transfers solution, which facilitates continuous settlement for both corporate and retail clients. This development represents a notable shift in traditional banking, as it incorporates one of the key advantages historically associated with cryptocurrencies and stablecoins - the ability to transact outside of standard banking hours.
Multiple outlets confirm that this move brings traditional banking closer to the continuous transaction capabilities offered by digital assets. 
Bitcoin.com specifically notes that this could reduce the competitive edge of stablecoins, which have been popular for their ability to provide dollar liquidity beyond regular banking hours.
The partnership with BNY Mellon underscores a broader trend of traditional financial institutions adopting features traditionally associated with cryptocurrencies. As these institutions expand their service offerings, they aim to meet the growing demand for more flexible and efficient transaction processing.
In the current market context, with the total crypto market cap at $2.87 trillion and Bitcoin up 1.60% in the last 24 hours, this development highlights the ongoing evolution of the financial landscape. The Fear & Greed Index stands at 57, indicating a 'Greed' sentiment, suggesting a positive overall market outlook.
BNY Mellon Enables 24/7 USD Settlement for Singapore Gulf Ba — questions & answers
What is the significance of 24/7 USD settlement?
It allows for continuous transaction processing, traditionally a key advantage of cryptocurrencies and stablecoins.
How does this affect the stablecoin market?
By offering 24/7 settlement, traditional banking reduces one of the competitive advantages of stablecoins.
What is BNY Mellon's role in this partnership?
BNY Mellon provides the USD Book Transfers solution that enables 24/7 settlement for Singapore Gulf Bank.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com, The News Crypto, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.