PANews on August 15th, the Monetary Authority of Singapore (MAS) announced on its official website that it has finalized the stablecoin regulatory framework. MAS’ stablecoin regulatory framework will apply to the single currency stablecoin (SCS) linked to the Singapore dollar or any G10 currency. ). The issuer of such SCS must meet the following key requirements: 1. Value stability: SCS reserve assets will be subject to its composition, valuation, custody and audit requirements to ensure a high degree of value stability; 2. Capital: issuance 3. Redemption at face value: The issuer must return the face value of the SCS to the issuer within five working days of the redemption request. Holders; 4. Disclosure: Issuers must provide users with appropriate disclosures, including information on SCS value stabilization mechanisms, SCS holders' rights, and audit results of reserve assets.

Only stablecoin issuers that meet all the requirements under this framework can apply to MAS for their stablecoins to be recognized and labeled as "MAS-regulated stablecoins". The label will allow users to easily distinguish MAS-regulated stablecoins from other digital payment tokens. Anyone who misrepresents a token as a “MAS-regulated stablecoin” may be penalized under MAS’ stablecoin regulatory framework and placed on MAS’ investor alert list. If users choose to trade stablecoins that are not regulated by the MAS framework, they should make an informed decision about the accompanying risks.