According to Wu Blockchain, the Monetary Authority of Singapore (MAS) has released a consultation paper on stablecoin regulations, proposing amendments to the Payment Services Act. A new 'stablecoin issuance' license will be introduced, and only licensed institutions can label their issued stablecoins as 'MAS-regulated stablecoin.' Issuers must maintain at least 100% reserve assets and complete redemptions within the specified timeframe. They are also prohibited from paying interest, returns, or other benefits linked to token holdings or balances. https://(wublock123.com)/news/news-67569