BNY Brings 24/7 Dollar Settlement to Singapore Gulf Bank

Crypto Insight Summary: 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 […] Crypto Insight Analysis: Direction: Bearish USDC / Bearish USDT Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Traditional banks offering 24/7 USD settlement could reduce stablecoin demand.