Singapore Gulf Bank launches stablecoin redemption service for individual customers.

PANews October 16 news: Singapore Gulf Bank (SGB) announced that individual customers can perform two-way conversions between USD and USDT, USDC through its mobile banking app, without needing to transfer funds to a cryptocurrency exchange, and can hold USDT, USDC, and other fiat currencies in the same bank account. The service supports 24-hour conversions from Monday to Friday.