Singapore introduces regulations for single-currency stablecoins
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Singapore’s Monetary Authority (MAS) has rolled out a regulatory framework for single-currency stablecoins linked to the Singapore Dollar or other G10 fiat currencies
With this new setup, any token with a circulation value over S$5 million will earn the MAS-regulated stablecoin designation.
While Singapore currently hosts only one stablecoin, this regulatory stride supports its broader objective of fostering digital asset innovation and ensuring its stability.
The MAS believes that, with proper regulation to ensure value stability, stablecoins can enable innovative methods like on-chain digital asset trading.
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