MAS proposes a regulatory framework for Single-Currency Stablecoins (SCS), focusing on reserve backing, capital requirements, and transparency, aligned with global cryptoasset standards

MAS consults on regulatory measures for stablecoins, emphasizing reserve asset quality, due diligence, and risk management, particularly for Group 1b cryptoassets. The consultation also proposes restrictions on retail investor access to AT1 and Tier 2 capital instruments, alongside amendments to relevant MAS Notices, aligning with global prudential standards for cryptoasset exposures.