Local exchange rolls out regulated stablecoin rails for SMEs
The new rails let small businesses settle cross-border invoices in minutes rather than days.
The new rails let small businesses settle cross-border invoices in minutes rather than days.
Operating under the city-state's licensing framework, the exchange says the product is aimed squarely at SMEs that routinely wait on slow correspondent banking.
How it works
- Stablecoin pegged to the US dollar, fully reserved
- Built-in KYB and travel-rule compliance
- Settlement in under five minutes across partner corridors
“Cross-border shouldn't take three days and a fax machine,” the product lead said.
Regulators have signalled support for responsible stablecoin use in trade settlement, provided consumer protections stay intact.
Risk warning: Digital payment tokens (including stablecoins) are volatile and carry significant risk. They are not legal tender and are not insured by any government. This article is informational only and does not constitute financial advice, an offer, or a solicitation to buy or sell any digital asset. Readers should do their own research and consult a licensed financial adviser before making any decision.
