Paxos has launched its Global Dollar (USDG), a new stablecoin approved by Singapore's Monetary Authority, which is backed 1:1 by the US dollar and managed by DBS Bank. This initiative aims to enhance compliance and security in the stablecoin market while expanding USDG's global reach through partnerships with various crypto platforms.
AnaisPaxos has secured MAS approval to issue stablecoins in Singapore, partnering with DBS for cash management and reserve custody, while refocusing its business strategy and reducing its workforce by 20%.
ZeZhengIs Singapore's DBS An Ethereum Whale, and why should it matter?
WilfredAXS partners with Triple-A for crypto bill payments, offering Bitcoin, Ethereum, Tether, and Circle USD Coin options. Enhances flexibility for users in Singapore.
Xu LinFor those customers who were able to access PayLah! and qualify for the DBS 5 Million Hawker Meals cashback, the bank assured that rebates would be issued by Friday.
DavinThe bank currently holds three licenses for crypto, but has thus far refrained from rushing into the space
BrianDBS Betterworld was created in The Sandbox, and explores themes of sustainability and food waste.
ClementThe e-CNY payments are part of an extended trial of asset tokenization conducted by the Singapore Monetary Authority and several major banks. In a preliminary test, the exchange of tokenized Japanese yen with US dollars took place within a permissioned Aave pool.
Coinlive Coinlive Find out what highlights the summit entails.
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