Regulatory victory for Paxos as Singapore approves US dollar stablecoin plan
Paxos has secured an in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for Paxos Digital Singapore. This approval marks an expansion of a US dollar stablecoin platform into the Asian market, aligning with MAS’ forthcoming stablecoin framework. The news comes after several new tokenization pilots were released in the region to increase commercial...