Business · Markets · 9 hrs ago
Singapore proposes a regulatory label for stablecoins
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has proposed new legal rules for stablecoins.
Under the proposal, only stablecoins from MAS-regulated issuers could use the label “MAS-regulated stablecoin.”
Stablecoins without that status would be treated as digital payment tokens, or DPTs, under existing rules.
Those rules include customer risk assessments and limits on lending and staking for retail customers.
The proposal builds on Singapore’s earlier framework for single-currency stablecoins and aims to set out its requirements in binding law.
MAS is seeking public feedback until October 16, 2026.
The distinction matters because the label could help consumers identify regulated products, while issuers may face pressure to meet the requirements.
Separately, Standard Chartered plans to launch digital-asset custody services for institutional and corporate customers in Singapore by the end of 2026.
Singapore’s Monetary Authority of Singapore (MAS) has proposed legislation to make its stablecoin rules binding and opened a public consultation.
Only issuers regulated by MAS would be allowed to use the label “MAS-regulated stablecoin”; other stablecoins would be treated as digital payment tokens (DPTs).
The draft would apply existing DPT rules to unregulated stablecoins, including restrictions on lending to retail customers and staking.
The consultation is open until 16 October 2026.
Standard Chartered said it plans to launch institutional digital-asset custody services in Singapore by the end of 2026.
- Who
- Singapore’s Monetary Authority of Singapore (MAS).
- What
- MAS proposed a regulatory label for stablecoins and rules distinguishing regulated stablecoins from DPTs.
- When
- MAS announced the draft on 1 September 2026; the consultation deadline is 16 October 2026.
- Where
- Singapore.
- Why
- The draft aims to make the stablecoin framework legally binding and distinguish regulated issuers from unregulated ones.
This story does not have two clearly opposing sides.
MAS finalised its framework for single-currency stablecoins.
Revised payment-services rules took effect, requiring customer-asset trust protections and restricting retail DPT lending and staking.
MAS announced draft legislative amendments and opened a public consultation on stablecoin rules.
Standard Chartered announced plans to launch institutional digital-asset custody services in Singapore by the end of 2026.
The consultation on the draft rules is due to close.
- Consultation deadline
- 16 October 2026
- Regulatory label
- MAS-regulated stablecoin
- Unregulated stablecoins
- Treated as digital payment tokens (DPTs)
- Standard Chartered plan
- Institutional digital-asset custody services in Singapore by the end of 2026
- Single-currency stablecoin framework
- Finalised on 15 August 2023
Sources
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