{"id":58490,"date":"2025-11-14T09:16:52","date_gmt":"2025-11-14T09:16:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=58490"},"modified":"2025-11-14T09:16:52","modified_gmt":"2025-11-14T09:16:52","slug":"singapore-sounds-the-alarm-are-stablecoins-the-next-financial-threat","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=58490","title":{"rendered":"Singapore Sounds The Alarm: Are Stablecoins The Next Financial Threat?"},"content":{"rendered":"
\n

Singapore\u2019s top financial regulator has signaled a tougher stance on stablecoins<\/a>, saying only fully supervised tokens should be treated as reliable money for big transactions.<\/p>\n

Regulators are moving to separate settlement-grade instruments from the rest of the market. The message was blunt and aimed squarely at issuers that operate without strict oversight.<\/p>\n

Regulators Draw A Clear Line<\/h2>\n

According to Monetary Authority of Singapore Managing Director Chia Der Jiun, some unregulated stablecoins<\/a> have a \u201cpatchy record of keeping their peg.\u201d<\/p>\n

He warned<\/a> that sudden losses of confidence in those tokens can resemble money-market fund runs from 2008. Chia added that such coins are \u201cnot suitable as safe settlement assets for large wholesale transactions.\u201d<\/p>\n

His remarks came in a keynote at the Singapore FinTech Festival and make clear that the city-state intends to favor well-capitalized, closely supervised issuers for settlement uses.<\/p>\n

\"Sinagpore\"<\/p>\n

Rules Focus On Reserves And Redemption<\/h2>\n

Based on reports, MAS<\/a> is preparing legislation that builds on a regulatory framework released on Aug. 15. The framework sets reserve backing and redemption reliability as the main tests for eligibility. In short: issuers must show credible backing and practical ways for users to redeem tokens.<\/p>\n

Over time, Chia said, if certain stablecoins grow big enough to affect the wider system, rules will need tightening and cross-border cooperation will be required. Access to central bank facilities was mentioned as a possible future step for truly systemic tokens.<\/p>\n


\nNumbers Point To Bigger Stakes<\/p>\n

According to a Binance Research report, the global stablecoin market<\/a> passed $300 billion in total capitalization in October 2025. Daily average transaction volumes reached $3.1 trillion.<\/p>\n

Monthly stablecoin payments have topped $10 billion as of August 2025, with 63% of that volume tied to B2B activity. These numbers show why regulators are paying attention.<\/p>\n

\"\"<\/p>\n

They also help explain why USDT and USDC remain dominant players as use moves beyond trading into payments and business flows. Bitcoin\u2019s rise above $120,000 has also been cited as one factor increasing overall market activity.<\/p>\n

CBDCs And Tokenized Bank Money On The Table<\/p>\n

Chia also outlined MAS\u2019s broader view of settlement assets, mentioning wholesale central bank digital currency and tokenized bank liabilities.<\/p>\n

The regulator\u2019s BLOOM initiative<\/a> \u2014 Borderless, Liquid, Open, Online, Multicurrency \u2014 is testing how those instruments might work together inside a tokenized finance system.<\/p>\n

Financial firms and clearing networks were urged to run trials under the initiative so practical issues can be spotted early.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Singapore\u2019s top financial regulator has signaled a tougher stance on stablecoins, saying only fully supervised tokens should be treated as reliable money for big transactions. Regulators are moving to separate settlement-grade instruments from the rest of the market. The message was blunt and aimed squarely at issuers that operate without strict oversight. Regulators Draw A […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-58490","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/58490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58490"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/58490\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}