![Singapore Central Bank Unveils Stablecoin Rules for Stability and Oversight](https://metanews.com/wp-content/uploads/2023/08/557A8AE9-D9A9-4996-A496-E044E0EC2B48-300x169.jpeg)
Singapore Central Bank Unveils Stablecoin Rules for Stability and Oversight
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has released a comprehensive regulatory framework targeting single-currency stablecoins (SCS). These digital tokens, designed to maintain constant value, are pegged to traditional fiat currencies such as the Singapore Dollar or any