By Isaac • September 1, 2026 7:17 am •
Singapore is moving to turn its stablecoin framework from a policy blueprint into enforceable law, and the proposal draws a hard line around what a regulated token is supposed to be.
Under amendments proposed by the Monetary Authority of Singapore, licensed issuers would have to maintain reserve assets equal to at least 100% of their outstanding stablecoins, honor redemptions at par and refrain from paying holders interest or yield.
Trending: CALIFORNIA: Muslim Holidays Eid al-Fitr and Eid al-Adha To Become State Holidays
The package is not designed to make stablecoins behave like high-yield savings products. It is designed to make them redeemable payment instruments whose backing can withstand stress.
CoinDesk reports that the plan would establish a dedicated stablecoin-issuance license under Singapore’s Payment Services Act. The framework would apply
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!