🇸🇬 JUST IN: Singapore proposes BANNING stablecoin issuers from paying yield to holders. The Monetary Authority of Singapore wants 100% reserve backing at all times, segregated custody, stress testing, and mandatory wind-down plans. Only licensed issuers can call their tokens "MAS-regulated stablecoins." The US GENIUS Act, the EU's MiCA, Hong Kong, and Japan already enforce similar rules. FIVE of the world's biggest financial hubs now regulate stablecoins as payment tools, not investments.(Coin Bureau)