The $100k threshold, ordinary people can only watch from the sidelines.

Singapore Gulf Bank announces the launch of stablecoin minting and redemption services, allowing corporate and high-net-worth clients to instantly convert and settle between fiat currency and stablecoins via SGB accounts, without the need for traditional correspondent banking processes. This service is integrated into the SGB Net clearing network, supporting seamless on-chain and off-chain fund flows. The initial support will be for USDC, with a minimum transaction amount of $100k, and will later expand to USDT, USDe, and USDG.