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Coin Edition 2023-11-16 10:15:26

Singapore Approves New USD Stablecoins Amid Tightening Competition

Singapore has awarded in-principle license approvals to stablecoin issuers Paxos Digital Singapore and StraitsX, intensifying the competition among Asian financial centers to capture a share of the $127 billion global stablecoin market. The move coincided with the Singapore Fintech Festival, where MAS Managing Director Ravi Menon described stablecoins as potentially playing “a useful role as The post Singapore Approves New USD Stablecoins Amid Tightening Competition appeared first on Coin Edition .

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