Paxos secures Singapore MPI licence and DBS Bank partnership for stablecoin issuance

Paxos, a blockchain infrastructure firm, has been granted a license by Singapore’s MAS to issue stablecoins, making Singapore the third jurisdiction after the USA and UAE where Paxos operates. Following a recent regulatory establishment concerning stablecoins in Singapore, Paxos partners with DBS Bank for cash management and highlights the importance of regulatory standards for global digital currency access and the future of stablecoin adoption, emphasizing trust and security. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FinTech Futures