## Short Segments Singapore is moving closer to a dedicated stablecoin regulation framework. The Monetary Authority of Singapore, or MAS, is seeking public feedback on proposed changes to the Payment Services Act. These changes aim to establish clear requirements for stablecoin issuers to qualify as MAS-regulated. This move is significant as it sets the stage for a more structured and secure stablecoin environment in Singapore, ensuring that only licensed issuers can market their tokens as "MAS-regulated stablecoins." The consultation period is open until October 16, 2026, giving stakeholders a chance to weigh in on the proposed legislative amendments. This development is crucial for issuers and users alike, as it promises enhanced stability and protection in the stablecoin market. Rosen completes Hedera integration, enabling sub-cent USDC payouts across 200 countries. This integration allows Rosen to offer fast and cost-effective cross-border payments, solving a major issue for micro-work platforms. Traditional payment systems often make small payments unfeasible due to high fees. With Hedera's mainnet, Rosen can now settle tasks in stablecoins within seconds, making it possible for small brands to connect with local helpers globally. This change opens up new opportunities for millions of micro, small, and medium enterprises to access affordable international workforce solutions. Singapore tightens new stablecoin rules, requiring 100% backing and banning interest. The Monetary Authority of Singapore has proposed a new licensing framework that mandates full reserve backing for MAS-regulated stablecoins. This move aims to enhance user protection and ensure the stability of token values. The public consultation on these rules is open until October 16, 2026. This regulatory shift could significantly impact stablecoin issuers, as they will need to meet stringent requirements to operate within Singapore's financial ecosystem. MAS seeks feedback on proposals regulating value and user protection for stablecoins. The Monetary Authority of Singapore is inviting public input on new rules under the Payment Services Act. These rules focus on ensuring token value stability and user protection, with a particular emphasis on multi-jurisdictional issuance and foreign stablecoin recognition. The consultation period runs until October 16, 2026. This initiative is part of Singapore's broader effort to create a robust regulatory framework for stablecoins, providing clarity and security for both issuers and users. Singapore’s MAS opens public consultation on stablecoin regulatory amendments. The proposed changes aim to convert existing stablecoin policies into enforceable legislative rules. Key aspects include reserve backing, redemption at par, and disclosure standards. The consultation period is open until October 16, 2026, allowing stakeholders to provide feedback on these critical regulatory developments. This move underscores Singapore's commitment to establishing a comprehensive and enforceable stablecoin framework. Kraken parent Payward to tokenize 100 London-listed stocks, with LSE 24 trading planned. Payward, in partnership with the London Stock Exchange, will tokenize top UK equities as xStocks. This initiative aims to reshape how equities are owned, traded, and settled, subject to regulatory approval. The tokenization of these stocks could expand global access to London-listed companies, offering a new way for investors to engage with the UK equity market. ## Feature Story Singapore opens public consultation on stablecoin legislation for the Payment Services Act. The Monetary Authority of Singapore, or MAS, has proposed amendments to the Payment Services Act 2019, aiming to move its stablecoin framework from policy to enforceable law. This consultation, open until October 16, 2026, seeks public feedback on a range of issues, including the regulation of stablecoin issuers and the safeguards required to protect users and maintain token value stability. The proposed legislative changes mark a significant shift in Singapore's approach to stablecoin regulation. Previously, MAS had restricted stablecoin issuance to domestic entities. However, the new proposal considers recognizing some foreign-issued stablecoins, potentially allowing jointly issued cross-border tokens to qualify under Singapore's regulatory framework. This change reflects a broader trend towards accommodating international collaboration in the stablecoin space. For stablecoin issuers, this development means navigating a more structured regulatory environment. Issuers will need to meet specific criteria to be recognized as MAS-regulated, including maintaining 100% reserve backing and adhering to strict user protection measures. The consultation also explores the possibility of banning interest on stablecoins, further emphasizing the focus on stability and security. As Singapore moves towards implementing these changes, stakeholders across the crypto and financial sectors will be closely watching the outcomes of this consultation. The proposed framework could set a precedent for other jurisdictions considering similar regulatory measures. For now, the focus remains on gathering feedback and refining the legislative text to ensure it meets the needs of both issuers and users in this rapidly evolving market. With the consultation period open until mid-October, the coming weeks will be crucial for shaping the future of stablecoin regulation in Singapore. Stakeholders are encouraged to participate actively, as their input could influence the final form of the legislation. As the global landscape for digital assets continues to evolve, Singapore's approach may offer valuable insights into balancing innovation with regulatory oversight.
