MAS to consult public on regulating stablecoins

Chairman says central bank will consider reserve requirements for stablecoin issuers

Monetary Authority of Singapore

The Monetary Authority of Singapore is “actively reviewing” its approach to regulating stablecoins, said the central bank’s chairman, Tharman Shanmugaratnam.

Tharman said the MAS is assessing the merits of a regulatory regime targeting “the specific characteristics and risks” of stablecoins.

Answering a parliamentary question on August 1, the official highlighted the recent collapse of stablecoin terraUSD – which is pegged to the US dollar – and its sister coin luna.

“The recent chain of high

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account