Paxos launches USDG regulated stablecoin in Singapore
Paxos issued Regulatory approval and product launch affecting DBS Bank, Monetary Authority of Singapore on October 31, 2024.
- Primary
- Paxos
- Counterparty
- DBS Bank, Monetary Authority of Singapore
- Structure
- Regulatory approval and product launch
- Date
- October 31, 2024
- Sub-sector
- Crypto / Stablecoin
Paxos obtains MAS approval to issue regulated stablecoin in Singapore, expanding regional presence and demonstrating institutional compliance model.
Source: invezz.com