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Deep Tide TechFlow news. On April 17, according to an official announcement, Singapore Gulf Bank (SGB) announced the launch of stablecoin minting and redemption services on April 17. Businesses and high-net-worth clients can directly convert between fiat currency and stablecoins via their SGB accounts, enabling 24/7 instant settlement without relying on traditional correspondent banking processes. The service is integrated into SGB’s proprietary clearing network, SGB Net, supporting seamless fund flows between on-chain and off-chain. The first supported stablecoin is USD Coin (USDC), with a minimum transaction amount of $100,000. Subsequent support will gradually include USDT, USDe (Ethena), and Global Dollar (USDG).