Wire · regulatory
Singapore proposes 100% reserves and a ban on yields for stablecoin issuers
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Fusion42 · 1 September 2026 · Fusion42 review
Singapore's financial regulator proposes that stablecoin issuers must hold 100% segregated reserves and bans them from offering yields on stablecoin holdings, aligning with US and EU regulatory frameworks and aiming to limit stablecoins to payment use only.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face a stricter stablecoin regime that removes yield incentives and demands full reserve backing, reshaping your product design and market approach in Singapore's payments space. This framework blocks using stablecoins as investment vehicles, forcing a pivot to pure payments utility.
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1 source · 1 Sep 2026
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