TradFi Stablecoin Bridge: Singapore Gulf Bank Enables USD ↔ USDT/USDC
Singapore Gulf Bank now lets retail customers convert directly between USD and USDT/USDC within its mobile banking app, no crypto exchange required — a meaningful TradFi-DeFi integration milestone.
What we know
An account on X reported Singapore Gulf Bank (SGB) has enabled retail customers to hold and convert USDT, USDC, and fiat currencies directly within the bank's mobile app — bypassing the need to use a separate crypto exchange. This marks a notable step in mainstream banking adoption of stablecoins, particularly in the Southeast Asian market.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.