Singapore Gulf Bank launches stablecoin conversion service for individual customers, allowing in-account conversion and holding of USDT and USDC

Odaily News: Singapore Gulf Bank (SGB) has announced that individual customers can now perform two-way conversions between USD and USDT, USDC through its mobile banking app, without needing to transfer funds to a cryptocurrency exchange. Customers can hold USDT, USDC, and other fiat currencies in the same bank account, and the service supports round-the-clock conversion from Monday to Friday. Singapore Gulf Bank was initiated by Singapore's Whampoa Group.