Singapore Tightens New Stablecoin Rules: 100% Backing, Ban on Interest

The post Singapore Tightens New Stablecoin Rules: 100% Backing, Ban on Interest appeared first on Coinpedia Fintech News

Monetary Authority of Singapore (MAS) has today proposed a new licensing framework focused on stablecoin reserves, redemption, and user protection. The plan could give compliant stablecoins a clearer role in digital finance, while issuers that fail to meet the rules would remain under the Digital Payment Token framework. MAS Sets New Rules for Regulated Stablecoins …