You can now exchange stablecoins directly in a Singaporean banking app: USD ⇄ USDT / USDC, no need to transfer to an exchange
WuBlockchain: Singapore Gulf Bank (SGB) retail customers can exchange US dollars for USDT and USDC, and vice versa, through the mobile banking app. They can also hold stablecoins and other fiat currencies in the same account. Available 24 hours a day, Monday to Friday.
One of Asia’s more crypto-friendly banks, under Whampoa Group—and the access point is in the banking app, not on an exchange’s onboarding page.
As a grad student in Singapore, my most immediate impression is that having a regulated bank build exchanges into everyday accounts is much less of a hurdle than opening another exchange app.
Me, a graduate of a top Chinese university waiting to break even: Everyone else is already exchanging for U in their bank app, while I’m still waiting to break even…
Would you exchange stablecoins directly in a banking app? $BTC $ETH #Binance Square
Reply 1: Yes, using the bank is more convenient
Reply 2: I’m still used to exchanges; fees and liquidity come first
Reply 3: I’ll wait and see—first I want to check the limits, risk controls, and how quickly funds arrive
WuBlockchain: Singapore Gulf Bank (SGB) retail customers can exchange US dollars for USDT and USDC, and vice versa, through the mobile banking app. They can also hold stablecoins and other fiat currencies in the same account. Available 24 hours a day, Monday to Friday.
One of Asia’s more crypto-friendly banks, under Whampoa Group—and the access point is in the banking app, not on an exchange’s onboarding page.
As a grad student in Singapore, my most immediate impression is that having a regulated bank build exchanges into everyday accounts is much less of a hurdle than opening another exchange app.
Me, a graduate of a top Chinese university waiting to break even: Everyone else is already exchanging for U in their bank app, while I’m still waiting to break even…
Would you exchange stablecoins directly in a banking app? $BTC $ETH #Binance Square
Reply 1: Yes, using the bank is more convenient
Reply 2: I’m still used to exchanges; fees and liquidity come first
Reply 3: I’ll wait and see—first I want to check the limits, risk controls, and how quickly funds arrive