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.
7
answers
Margherita
Tue Mar 11 2025
The USD-backed token is designed to adhere to Singapore's forthcoming stablecoin regulations.
EchoChaser
Mon Mar 10 2025
Paxos's new entity in Singapore aims to capitalize on the growing demand for stablecoins in the region.
Federico
Mon Mar 10 2025
It will be issued by a newly established local entity under Paxos.
Caterina
Mon Mar 10 2025
Paxos, a crypto infrastructure firm, has obtained initial approval from Singapore's regulatory body.
Lorenzo
Mon Mar 10 2025
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet options.