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Singapore watchdog MAS finalizes stablecoin framework

A general view of the Marina Bay Sands waterfront in Singapore.
Photo: Suhaimi Abdullah/Getty Images

Martina Lindberg

1 min read
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The new rules will apply to single-currency stablecoins that are pegged to the Singapore dollar or a G10 currency.

A new regulatory framework stablecoins has just been set by the Monetary Authority of Singapore (MAS). It will apply to single-currency stablecoins (SCS) that are pegged to the Singapore Dollar or any G10 currency, and are issued in Singapore.

The framework seeks to ensure a high degree of value stability

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