Singapore Gulf Bank plans stablecoin acquisition after seeking the funding of $50M

Singapore Gulf Bank is seeking a $50 million funding round next year and plans to buy a stablecoin payments company. Licensed in Bahrain since February, the bank was set up by the Singapore family office Whampoa Group. According to Bloomberg’s sources, the bank is in discussions with a Middle Eastern sovereign wealth fund and other […] source: https://www.cryptopolitan.com/singapore-gulf-bank-plans-stablecoin-acquisition-after-seeking-the-funding-of-50m/