MAS Chief Says Stablecoins May Not Be Fit for Large Wholesale Settlement
- —MAS chief: stablecoin parity is not a given, unlike bank deposits
- —Chia says trust in par value rests on reserve transparency and adequacy
- —MAS sees deposit tokens and wholesale CBDC as settlement anchors
- —MAS is moving to settle tokenised MAS Bills with wholesale CBDC
Why it matters: Singapore's regulator is signalling limits on stablecoins in institutional settlement, reinforcing its push toward CBDC and deposit tokens.
Source: Blockhead