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Singapore Gulf Bank Launches Stablecoin Conversion Services for Retail Banking Customers

Singapore Gulf Bank (SGB) announced that retail customers can use its mobile banking app to convert between U.S. dollars (USD) and USDT or USDC in both directions. Customers do not need to transfer funds to a crypto exchange and can hold USDT, USDC and other fiat currencies in the same bank account. The service is available 24 hours a day from Monday through Friday. Singapore Gulf Bank (SGB), launched by Singapore’s Whampoa Group, is one of Asia’s most important crypto-friendly banks. — link
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