Singapore Gulf Bank launches stablecoin issuance, exchange service

Singapore Gulf Bank (SGB) has announced the launch of a stablecoin issuance and exchange service. Institutional clients can now convert fiat currency into stablecoins through their SGB accounts, with 24-hour real-time settlement. The service currently supports USDC transactions of over $100,000, with plans to expand to include USDT, USDe, and USDG.