Singapore weighs recognizing some foreign-issued stablecoins

Singapore is considering allowing jointly issued cross-border stablecoins into its regulatory regime, revisiting its earlier decision to restrict the framework to domestic issuance.
Key Takeaways
- Singapore is considering allowing jointly issued cross-border stablecoins into its regulatory regime, revisiting its earlier decision to restrict the framework to domestic issuance.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

Singapore proposes 100% reserves and a ban on yields for stablecoin issuers
The country’s financial watchdog says its proposed stablecoin rules are aligned with U.S. and EU frameworks and that it also paves the way for the recognition of foreign stablecoin.

Bitcoin consolidates near $78,000 as Arbitrum surges 30% on Robinhood Chain revenue
BTC drifted lower after last week's rally to $81,428, while ARB led DeFi gains as Robinhood Chain's daily fees topped $2 million.
Solana Treasury Firm Dangles 13% Dividends to Bankroll Its Next SOL Buys
DeFi Development Corp. plans to raise up to $20 million through a preferred stock offering. It carries an initial annual dividend rate of 13%. The Solana (SOL) treasury company intends to use part of the proceeds to buy more SOL. It resumed accumulation last…