Singapore Gulf Bank (SGB) has launched a new feature allowing individual customers to swap U.S. dollars for stablecoins Tether (USDT) and USD Coin (USDC) directly within its mobile banking app. Customers can also convert these stablecoins back to dollars and hold them alongside other fiat currencies in the same account. This service operates 24 hours a day from Monday to Friday and does not require transferring funds to an external crypto exchange, simplifying access to digital assets for retail users.
Singapore Gulf Bank's new in-app swaps for Tether and USD Coin provide context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 16, 2026 19:51 WIB: out of 50 major cryptocurrencies, 44 rose and 5 fell today. Notable movers include BAT (Basic Attention Token) at Rp3.558 with a 1-day change of +12.89% and Pluang order activity skewed 87% Sell / 13% Buy, BAL (Balancer) at Rp16.297 with a 1-day change of +11.14%, and DOT (Polkadot) at Rp21.114 with a 1-day change of +8.77% and 93% Buy order activity. Typical hold times range from 85 to 121 days.
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