Cryptocurrency Q&A Will a US dollar-backed stablecoin be issued in Singapore?

Will a US dollar-backed stablecoin be issued in Singapore?

Caterina Caterina Sun Mar 09 2025 | 7 answers 1363
I heard that Singapore might issue a US dollar-backed stablecoin. Is it true? I'm curious about this news because I'm interested in cryptocurrency and want to know if Singapore is planning to launch such a stablecoin. Will a US dollar-backed stablecoin be issued in Singapore?

7 answers

Margherita Margherita Tue Mar 11 2025
The USD-backed token is designed to adhere to Singapore's forthcoming stablecoin regulations.

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EchoChaser EchoChaser Mon Mar 10 2025
Paxos's new entity in Singapore aims to capitalize on the growing demand for stablecoins in the region.

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Federico Federico Mon Mar 10 2025
It will be issued by a newly established local entity under Paxos.

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Caterina Caterina Mon Mar 10 2025
Paxos, a crypto infrastructure firm, has obtained initial approval from Singapore's regulatory body.

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Lorenzo Lorenzo Mon Mar 10 2025
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet options.

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