Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody
Submitted by Anonymous (not verified) on Tue, 07/02/2024 - 13:00The Monetary Authority of Singapore released its stablecoin framework last year.
The Monetary Authority of Singapore released its stablecoin framework last year.

Paxos, a key player in the cryptocurrency industry, has caused a stir with an unexpected move.
Bloomberg report says the company will have an increased focus on tokenization.
Amid a new generation of yield-bearing stablecoins, PayPal is confident in its purely payments-focused PYUSD.

USDL is issued in the UAE and regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
Paxos has added J. Christopher Giancarlo, a former chairman of the U.S.
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