Paxos gets in-principle approval from the Monetary Authority of Singapore to issue a USD-backed stablecoin; Paxos claims it is the only company to get approval (Yogita Khatri/The Block)

November 16, 2023

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Yogita Khatri / The Block:

Paxos gets in-principle approval from the Monetary Authority of Singapore to issue a USD-backed stablecoin; Paxos claims it is the only company to get approval — – Paxos has created a Singaporean entity for launching a new USD-backed stablecoin in the country. — Paxos Digital Singapore Pte.

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