MAS Stablecoin Framework (Singapore)
Singapore’s regulatory framework by the Monetary Authority of Singapore for single-currency stablecoins pegged to SGD or G10 currencies, emphasizing value stability and consumer protection.
What is MAS Stablecoin Framework (Singapore)?
The Monetary Authority of Singapore (MAS) finalized its stablecoin regulatory framework in August 2023, with ongoing implementations and recognitions in 2025, targeting single-currency stablecoins (SCS) pegged to the Singapore Dollar or G10 currencies like USD. Issuers must meet requirements on value stability, capital adequacy, redemptions, and disclosures to be labeled “MAS-regulated stablecoins,” with reserves held in cash, cash equivalents, or short-term debt securities. This opt-in framework applies across Singapore, excluding financial free zones, and in 2025, MAS sought U.S. recognition under the GENIUS Act for comparability, promoting safer stablecoins while fostering innovation in digital asset payments.
Related Terms
DAI/USDS
Stablecoins issued by MakerDAO/Sky, pegged to USD, backed by crypto or real-world assets.
Consensus Algorithm
A consensus algorithm is a mechanism used by a blockchain network to achieve agreement among nodes on the validity and order of transactions in a decentralized system.
51% Attack
A 51% attack occurs when a single entity or group controls over 50% of a blockchain’s computing power or stake, allowing them to manipulate the network’s transaction ledger.
ETF
Exchange-Traded Funds that hold baskets of assets and trade on stock exchanges, providing regulated exposure to digital assets.
Prediction Market
A market where participants trade digital assets to forecast the outcome of future events, with prices reflecting aggregated probabilities.
TVL (DEX)
Total Value Locked (TVL) on a decentralized exchange (DEX) is the total dollar value of digital assets deposited into liquidity pools, representing the capital available for trading and fee generation.