Singapore’s top financial watchdog just dropped a mic in the stablecoin world, declaring that only the most drama-free, tightly supervised tokens should be allowed near big-money transactions. Spoiler: Most aren’t invited to the grown-up table. 🚨
Regulators are basically swiping left on unregulated stablecoins, insisting they’re about as reliable as a gluten-free cake at a toddler’s birthday party. Translation: If your coin isn’t drowning in paperwork, it’s not settling jack. 💼
Regulators Draw a Line in the Sand (And It’s Not Just Sand, It’s Legal Sand) 🏖️⚖️
Chia Der Jiun, MAS’s top banana, casually compared unregulated stablecoins to a flaky ex who “promised to stay pegged but ghosted you.” 🎯 He warned that losing faith in these tokens could spiral into a 2008-style panic. Because nothing says “fun Friday” like reliving the financial crisis, right? 🙄
His speech at FinTech Festival was basically a rom-com breakup scene: “It’s not you, it’s us. We just need someone… more supervised.” 🎤
Rules Focus on Reserves and Redemption (AKA: Show Me the Money, Honey) 💰
MAS is cooking up laws that demand stablecoin issuers prove they’re not just vibes and wishful thinking. Reserves? Redemption options? Honey, if you can’t back it up, step aside. 🔍
Chia hinted that if coins get too big, regulators might have to call in the international squad. Think Avengers, but for finance. 🌍
Numbers So Big They’d Make a Vampire Accountant Swoon 🧛♂️📈
Stablecoins hit $300B in October 2025. Daily trades? A cool $3.1 trillion. Meanwhile, monthly payments hit $10B, with 63% being B2B. So basically, crypto’s become the boring friend who’s now CEO. 👔
USDT and USDC are the prom queens, while Bitcoin’s $120K price tag is just flexing. 🦍
CBDCs and Tokenized Bank Money: The New Kids on the Block Who Think They’re Too Cool for School 🎓🤖
MAS’s BLOOM initiative (Borderless, Liquid, Open, Online, Multicurrency) is basically trying to build a crypto Avengers team. They’re even inviting banks to trial runs. Early beta testers, anyone? 🧪
Read More
- EUR KRW PREDICTION
- A Gucci Movie Without Lady Gaga?
- Fan project Bully Online brings multiplayer to the classic Rockstar game
- Nuremberg – Official Trailer
- Adin Ross claims Megan Thee Stallion’s team used mariachi band to deliver lawsuit
- EUR TRY PREDICTION
- SUI PREDICTION. SUI cryptocurrency
- Is Steam down? Loading too long? An error occurred? Valve has some issues with the code right now
- Kingdom Come Deliverance 2’s best side quest transformed the RPG into medieval LA Noire, and now I wish Henry could keep on solving crimes
- APT PREDICTION. APT cryptocurrency
2025-11-14 12:14