Odaily Planet Daily News Paxos launches USDG, a stablecoin compliant with Singapore regulations, and partners with DBS Bank to establish a US dollar reserve in accordance with the Monetary Authority of Singapore framework. USDG complies with the upcoming stablecoin framework set by MAS in August 2023. Therefore, USDG is currently available on the Ethereum blockchain and will be launched on other blockchains as regulations evolve. This move comes just five months after the establishment of the interest-bearing stablecoin Lift Dollar (USDL) regulated by the UAE. It is reported that Paxos' branch in Singapore, Paxos Digital Singapore, received approval for USDG from the Monetary Authority of Singapore (MAS) in July. (Cointelegraph)