Singapore issued an in-principle license to a bunch of stablecoin issuers in the country, on November 16. The significant move came hours after Cryptocurrency brokerage Paxos received initial approval from the Monetary Authority of Singapore (MAS) to issue a U.S. dollar-backed stablecoin, in Singapore. The move is said to be taken with the vision of The post Singapore Accelerates Stablecoin Race In $127 Bln Crypto Market appeared first on CoinGape .