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Stablecoin issuer Paxos plans to launch new USD stablecoin for Singapore operations

Stablecoin issuer Paxos plans to launch new USD stablecoin for Singapore operations

CointimeCointime2023/11/16 02:12
By:Cointime

Paxos, the issuer of stablecoins, has received in-principle approval from the Monetary Authority of Singapore for its Singapore entity to provide digital payment token services in Singapore. It plans to collaborate with corporate clients to issue a new USD-backed stablecoin after obtaining full approval.

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