Singapore central bank releases regulatory framework for stablecoins
The Monetary Authority of Singapore (MAS) has released a framework for stablecoins allowing issuers to certify they're central bank-registered.
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The Monetary Authority of Singapore (MAS) has released a framework for stablecoins allowing issuers to certify they're central bank-registered.
The Monetary Authority of Singapore has introduced a new regulatory framework intended to boost the stability of the nation's certified stablecoins.
The stablecoin market is valued at around $125 billion with two tokens — Tether's USDT and Circle's USDC — dominating with around 90% share.
The Monetary Authority of Singapore (MAS) Tuesday announced its regulatory framework for stablecoins, aiming to ensure their value stability.
The proposed change will result in 91 per cent of all depositors being fully covered by deposit insurance. Read more at straitstimes.com.