Paxos Secures Regulatory Nod and Seals Strategic Partnership with DBS Bank

Monday, 1 July 2024, 19:19
Paxos Corporation has successfully obtained regulatory clearance from the Monetary Authority of Singapore to mint stablecoins and has inked a significant collaboration deal with DBS Bank. This move positions Paxos as a key player in the stablecoin ecosystem and strengthens its foothold within the banking sector, providing increased stability and utility to the digital asset markets. With this approval and partnership, Paxos is poised for accelerated growth and enhanced reputation in the global financial landscape.
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Paxos Secures Regulatory Nod and Seals Strategic Partnership with DBS Bank

Paxos Receives Full Approval for Stablecoin Issuance

In a major milestone, Paxos Corporation has secured full regulatory clearance from the Monetary Authority of Singapore (MAS) to issue stablecoins.

Strategic Alliance with DBS Bank

The company has also partnered with DBS Bank to strengthen its position in the financial sector.

  • Approval from MAS highlights compliance and trust in Paxos.
  • Collaboration with DBS opens up new avenues of growth for Paxos.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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