The country’s financial watchdog says its proposed stablecoin rules are aligned with U.S. and EU frameworks and that it also paves the way for the recognition of foreign stablecoin.
- Singapore’s financial regulator has proposed requiring stablecoin issuers to maintain segregated reserves equal to at least 100% of tokens in circulation.
- The proposed rules would prohibit issuers from paying interest or other benefits tied to stablecoin holdings, reflecting the regulator’s view that the tokens should be used for payments rather than investments.
- The consultation, which also considers limited recognition of some foreign stablecoins, closes Oct. 16, but no implementation date has been announced.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
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