Paxos receives in-principle approval from MAS for USD stablecoin
Paxos issued In-principle approval affecting Monetary Authority of Singapore on November 15, 2023.
- Primary
- Paxos
- Counterparty
- Monetary Authority of Singapore
- Structure
- In-principle approval
- Date
- November 15, 2023
- Sub-sector
- Crypto / Stablecoin
Paxos gains MAS approval to issue USD-backed stablecoin in Singapore, marking first Asia expansion and positioning for regulated stablecoin utility.
Source: tmcnet.com