Wire · regulatory
Singapore proposes new stablecoin rules covering foreign issuers and interest
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 1 September 2026 · Fusion42 review
Singapore's Monetary Authority has proposed amendments to enshrine stablecoin regulations in law, allowing jointly issued foreign and Singapore stablecoins to be MAS-regulated, banning interest payments, and requiring stress tests and recovery plans. The consultation seeks feedback on these rules, aiming to extend regulatory guardrails to stablecoins with roles in payments and tokenized markets, including recognition of certain foreign stablecoins regulated under comparable frameworks.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
Singapore has created a legal pathway for foreign-joint and certain foreign stablecoins to gain MAS regulation while banning interest on these tokens. You operating in cross-border stablecoin services now face a clear regulatory standard and must prepare your business structure and compliance accordingly.
◆ Coverage
1 source · 1 Sep 2026
◆ Related on Wire
◆ Topics