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Singapore Gulf Bank Adds In-Account Swaps for Tether (USDT) and USD Coin (USDC)

The account feature runs 24 hours a day on weekdays and does not require users to transfer funds to a separate crypto exchange.

Updated 1 min read
A hand uses a smartphone near Bahrain World Trade Center in Manama, Bahrain. (AI-generated image / EconoTimes)
A hand uses a smartphone near Bahrain World Trade Center in Manama, Bahrain. (AI-generated image / EconoTimes)

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Users can convert U.S. dollars to and from Tether (USDT) and USD Coin (USDC) within an SGB account and hold the tokens alongside other currencies.

Customers can use dollars to obtain Tether (USDT) or USD Coin (USDC), then convert either token back into dollars. The tokens can be held alongside fiat currencies in the same account.

The service operates throughout the day from Monday to Friday. Customers can use it without first sending funds to a separate crypto exchange.

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