MAS Proposes 100% Reserves for Stablecoin Issuers
The rule would also bar issuers from paying interest on the coins.
TLDR
Crypto.news posted that Singapore’s Monetary Authority of Singapore proposed new rules for stablecoin issuers. The post states issuers must hold 100% reserves backing their tokens. It adds that issuers would be barred from paying interest on those coins. The tweet presents the measures as a just-in announcement from the regulator. No further details on timeline or final adoption appear in the supplied post. The account identifies itself as a source for crypto and web3 news.
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