🚀 Singapore Gulf Bank is on a mission to raise $50M by 2025 to acquire a stablecoin payments firm, insiders reveal. The funds aim to boost product development and expand the bank's payment network. Talks are underway with a Middle Eastern sovereign wealth fund and other investors for a sub-10% equity stake.

🌐 With stablecoins gaining traction globally, Singapore's regulatory framework for single-currency stablecoins sets the stage for innovation. What are your thoughts on this trend? Share in the comments!