On April 17, Singapore Gulf Bank (SGB) announced the launch of stablecoin minting and redemption services, allowing businesses and high-net-worth clients to convert between fiat currency and stablecoins directly through SGB accounts, enabling instant settlement around the clock without relying on traditional banking processes. This service is integrated into SGB's proprietary clearing network, SGB Net, facilitating seamless on-chain and off-chain fund flows. The initial support is for USD Coin (USDC), with a minimum transaction amount of $100,000, and future support will include USDT, USDe (Ethena), and Global Dollar (USDG).
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Singapore Gulf Bank Launches Stablecoin Minting and Redemption Services
-
Wechat scan to share
Recommended for you
-
Hassett: Powell's Continued Role as Fed Governor May Affect Rate Cuts
On April 30, White House advisor Hassett claimed that if Powell remains as a Federal Reserve governor after his term as chairman ends in May, it could impact the rate cuts advocated by President Trump. Powell should leave the Federal Reserve. Fed chair nominee Kevin Warsh has not guaranteed to meet Trump's demand for rate cuts, stating he will make decisions based on data. -
Meta Plans to Raise Up to $25 Billion Through Bond Issuance
On April 30, Meta Platforms (META.O) plans to raise up to $25 billion through bond issuance. -
Alberta Investment Management Corp Acquires 1.38 Million Shares of MSTR Worth $219 Million
On April 30, Alberta Investment Management Corp (AIMC), a Canadian government-owned investment firm, disclosed that it has made its first purchase of 1.38 million shares of Bitcoin reserve company MicroStrategy (stock code: MSTR) valued at $219 million. This marks the first allocation to Bitcoin by one of Canada's largest institutional management firms. -
Tether Mints 1 Billion USDT on Tron Network
On April 30, at 15:45:00 Beijing time, Tether minted 1,000,000,000 USDT on the Tron network. -
Brent Crude Oil Futures Rise to $126.09 per Barrel, Highest Since March 2022
On April 30, according to Reuters quotes, Brent crude oil futures rose by more than $8 during the day to $126.09 per barrel, marking the highest level since March 2022. (Jinshi) -
US Military Plans First Operational Deployment of Hypersonic Missiles Against Iran
On April 30, Bloomberg reported that the US Central Command has submitted a request to deploy the 'Dark Eagle' hypersonic missiles to the Middle East. If approved, this would mark the first operational deployment of hypersonic missiles by the US, potentially aimed at striking ballistic missile launch systems deep within Iran. -
US Treasury Secretary: America Seizes $450 Million in Iranian Crypto Assets
On April 30, The Kobeissi Letter reported that US Treasury Secretary Scott Bessent stated that the United States has seized $450 million worth of Iranian crypto assets. -
KKR Explores $10 Billion Sale of Flora Food Group
On April 30, according to the Financial Times, private equity firm KKR is exploring a $10 billion sale of Flora Food Group. -
U.S. Treasury Secretary: Kevin Warsh Will Bring a New Era to the Federal Reserve
On April 30, Cointelegraph reported that U.S. Treasury Secretary Scott Basset stated, "Kevin Warsh will usher in a new chapter for the Federal Reserve, leading with accountability mechanisms, efficient governance, and sound policy-making at its core." -
US Spot Bitcoin ETF Sees Net Outflow of $137.75 Million
On April 30, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $137.75 million yesterday.
Daily Must-Read
-
Bitwise analysis: STRC has become the core driver of BTC's rise. How long can this momentum last?
-
a16z assessment: Stablecoins have become the underlying infrastructure of global finance.
-
OG Agent: As Trading Enters the AI Era, How Can Individual Investors Regain Their Competitive Edge
-
SEC Chairman Atkins' Inaugural Anniversary Speech: Leading with the ACT Strategy, Reshaping the New Ecosystem of U.S. Financial Regulation
-
OG Agent: Defining a New Paradigm of AI Wealth Civilization, Turning Every Feeding into Future Productivity
-
$290 million stolen, with three parties passing the blame, who should ultimately be held responsible for the massive theft from KelpDAO?
All Comments