Singapore Gulf Bank is looking to raise at least $50 million by selling up to 10% of its equity to acquire a stablecoin payments company in 2025. The bank aims to enhance its payment network and product development, engaging with Middle Eastern investors for funding.

Singapore Gulf Bank is looking to raise at least $50 million by selling up to 10% of its equity to acquire a stablecoin payments company in 2025. The bank aims to enhance its payment network and product development, engaging with Middle Eastern investors for funding.

https://cointelegraph.com/news/singapore-gulf-bank-seeks-50m-stablecoin-acquisition