The Monetary Authority of Singapore's proposed stablecoin regulatory changes include requirements for issuer stress testing, recovery planning, and orderly wind-down procedures.

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.