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The introduction by Singapore Gulf Bank (SGB) of a specialized business service is an expected step in the development of the crypto market. The bank offers a really working tool that allows companies to conduct all transactions with popular stablecoins such as USDC and USDT, followed by exchange for regular money.

The basis for this new service is the bank's own clearing system, SGB Net. This platform, originally created for fast international transfers in real time, will be complemented by the ability to work with digital assets.

The most important point is to comply with all regulatory requirements. Singapore Gulf Bank's management emphasizes that SGB Net will operate using strict customer identification (KYC) procedures and anti-money laundering (AML) regulations.

As an economic reason for this decision, the bank points to the growing business need for tools for convenient international settlements. Dollar-backed stablecoins show themselves to be liquid digital assets with an understandable value, which makes them an interesting alternative to conventional transfer systems.

Ultimately, the success of this integration will depend not so much on fluctuations in the exchange rate of cryptocurrencies as on the bank's ability to create a stable, secure and legally sound environment for its corporate clients.