POPA ReconSingapore Proposes Stablecoin License With 100% Reserves, No Holder Interest
Singapore Proposes Stablecoin License With 100% Reserves, No Holder Interest The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, has proposed amendments to the Payment Services Act creating a dedicated stablecoin issuance license, with only licensed issuers allowed to label their tokens “MAS-regulated stablecoins.” Issuers would be required to maintain at least 100% reserve backing, meet redemption deadlines and refrain from paying interest or other benefits linked to stablecoin holdings. MAS also proposes quarterly stress tests and capabilities to…
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