CoinDesk reports MAS seeks to make stablecoin rules law with full reserves and no yields.
CoinDesk posted that Singapore's Monetary Authority of Singapore wants to convert its stablecoin framework into binding law. The measures would require 100 percent reserve backing, mandate par redemption, and bar issuers from paying interest or yield on holdings. The post presents the plan as a regulatory step but does not include further details on timelines or reactions from market participants.
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CoinDesk reports MAS seeks to make stablecoin rules law with full reserves and no yields.
CoinDesk posted that Singapore's Monetary Authority of Singapore wants to convert its stablecoin framework into binding law. The measures would require 100 percent reserve backing, mandate par redemption, and bar issuers from paying interest or yield on holdings. The post presents the plan as a regulatory step but does not include further details on timelines or reactions from market participants.
CoinDesk@CoinDeskLATEST: Singapore's MAS proposes turning its stablecoin framework into enforceable law, requiring 100% reserve backing, par redemption, and banning issuers from paying interest or yield on holdings.
CoinDesk@CoinDeskLATEST: Singapore's MAS proposes turning its stablecoin framework into enforceable law, requiring 100% reserve backing, par redemption, and banning issuers from paying interest or yield on holdings.