Singapore · Regulatory regime
MAS stablecoin framework
MAS single-currency stablecoin (MAS-SCS) framework (Payment Services Act 2019 amendments)
Status
Proposal / consultation stage
Proposal / consultation stage
- Instrument
- Framework to be implemented through amendments to the Payment Services Act 2019 (consulted on 1 Sep 2026)
- Dated milestones
- 1 (0 upcoming)
- Tracked banks
- None yet
- Verified items
- 1
What it is Fact
In the words of the official source, quoted verbatim. Quotes are string-matched against the live page before every deploy.
“The framework will apply to single-currency stablecoins (SCS) issued in Singapore that are pegged to the value of the Singapore dollar or any G10 currency.”
“The amendments will set out how stablecoin issuers may qualify to be MAS-regulated, and the safeguards they must meet to support value stability and user protection.”
Status is derived from the dated milestones below (a “regime in force / rules take effect” date in the past means in force). Not legal advice.
Key dates
Each date is quoted from the official text. Deadline radar · add to calendar (ICS)
16 October 2026 · passed
MAS consultation on Payment Services Act amendments for stablecoins closed
“MAS invites interested parties to submit their comments by 16th October 2026”
Comment deadline · Monetary Authority of Singapore (opens source in new tab) · our item
Banks and initiatives
Tracked bank initiatives that cite this regime or are linked to its verified items. Three separate statuses: regulatory · technical · commercial.
No tracked bank initiative linked to this regime yet — not yet reviewed.
Verified news on MAS stablecoin framework
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57 quote-verified items · 58 bank initiatives tracked · 16 jurisdictions
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