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48CRYPTO

Singapore proposes 100% reserve backing and yield ban for stablecoin issuers

⚡ Markets: Stricter regulations could increase stability and trust in Singapore-based stablecoins but may limit their attractiveness compared to less-regulated alternatives that offer yield.USDTUSDCBTC

Singapore's financial regulator has proposed new rules for stablecoin issuers that would require them to hold 100% of their reserves in low-risk assets and prohibit them from offering yields or returns on the stablecoins.

West MSM: noneFinancial press 11 country
1 sources across the spectrum
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