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![PlatON_Network Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1001806620853129216.png) PlatON [@PlatON_Network](/creator/twitter/PlatON_Network) on x 131.4K followers
Created: 2025-03-26 09:07:26 UTC

Regulation Fuels Explosive Growth of Stablecoins

In 2023, the Monetary Authority of Singapore (MAS) introduced a stablecoin regulatory framework, leading to significant growth in compliant stablecoins like $XSGD By the second quarter of 2024, Singapore’s stablecoin payments reached nearly $X billion, reflecting a substantial increase over six months. 
At the @consensus_hk  roundtable “Stablecoins: Shaping the Future of Payments,” hosted by #PlatON, Jason Tay, Head of Commercial at @StraitsX, emphasized a three-pronged approach to stablecoin development: regulation, banking, and issuers. He noted, “Our partnerships with Alipay+ and Grab demonstrate that behind every QR code scan, multi-currency stablecoin settlements may be happening in real time.”

Singapore’s MAS framework (2023) and Hong Kong’s regulatory sandboxes—such as Standard Chartered and Animoca’s compliant stablecoin initiative—highlight the “REGULATION + BANKING + ISSUER” model as the cornerstone of Asia’s regulatory path forward.

![](https://pbs.twimg.com/media/Gm9JUMNbYAAL0PR.jpg)

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**Related Topics**
[$xsgd](/topic/$xsgd)
[singapore](/topic/singapore)
[stablecoins](/topic/stablecoins)
[platon](/topic/platon)
[coins ai](/topic/coins-ai)
[coins stablecoin](/topic/coins-stablecoin)
[xsgd](/topic/xsgd)
[coins arbitrum](/topic/coins-arbitrum)

[Post Link](https://x.com/PlatON_Network/status/1904822492902154450)