Tag "stablecoin"
7 Key Areas to Know About The New Stablecoins Framework in Singapore
Stablecoins, emerging as a new category of digital payment tokens (DPTs), hold immense potential to transform payment methods. The Monetary Authority of Singapore (MAS) has streamlined and finalised its approach towards a framework for stablecoins in Singapore, taking into account
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What are Stablecoins and Why Is it Growing in Asia?
Stablecoins are cryptocurrencies designed to minimize price volatility, it is often praised for offering the advantages of cryptocurrencies, including transparency, efficiency and low transaction fees, while overcoming the wild price swings inherent to the likes of bitcoin and ether. Proponents
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The First Stablecoin Pegged to the Philippine Peso is Launched to Facilitate Money Transfers
Bitspark, a bankless money transfer platform, has just launched what it claims to be the first market-ready cryptocurrency pegged to the Philippine Peso (PHP)—named the peg.PHP Based in Hong Kong, the blockchain-enabled company made the revelation today, following its recent
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Singapore Gets First SGD-Backed Stablecoins
A new stablecoin project called Singapore Dollar Rate (SGDR) has launched in Singapore. Created by the team behind blockchain startup Rate, SGDR is said to be the first Singapore dollar-backed stablecoin, “guaranteeing users full redeemability for Singapore dollars on demand,”
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