[Singapore Gulf Bank Launches Stablecoin Minting and Redemption Services, Supporting Instant Cross-Border Settlements for Enterprises] Deep Tide TechFlow reports, on April 17, according to an official announcement, Singapore Gulf Bank (SGB) announced the launch of stablecoin minting and redemption services on April 17. Enterprises and high-net-worth clients can directly convert between fiat currency and stablecoins through SGB accounts, enabling 24/7 instant settlements without relying on traditional correspondent banking processes. The service is integrated into SGB's proprietary clearing network, SGB Net, supporting seamless on-chain and off-chain fund flows. The first batch supports USD Coin (USDC), with a minimum transaction amount of $100,000. Subsequent support will be added for USDT, USDe (Ethena), and Global Dollar (USDG).