Paxos International, the blockchain and tokenization platform, has gained full regulatory approval from the Monetary Authority of Singapore (MAS). This allows Paxos to offer digital payment token services as a Major Payments Institution and launch a stablecoin in line with MAS' upcoming regulatory framework. This marks the third international market where Paxos is authorized to issue stablecoins, following the US and UAE. DBS, Southeast Asia’s largest bank, will be Paxos’ primary banking partner. This approval is a significant step in Paxos' global expansion efforts.