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Policy2026-09-01 · source-backed
MAS published a consultation on September 1 that moves the 2023 stablecoin framework from policy into statute, creating a dedicated issuance license and reserving the "MAS-regulated stablecoin" label for issuers meeting the full regime, covering SGD or G10-pegged single-currency stablecoins with reserves covering at least 100% of outstanding tokens in liquid low-risk instruments, segregated from issuer assets (Finextra). Feedback closes October 16. Separately MAS committed S$220 million over three years under FSTI 4.0, up from S$150 million.
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