According to Ripple, Singapore’s Deputy Prime Minister Gan Kim Yong and MAS Managing Director Chia Der Jiun visited the Ripple booth during the 10th anniversary of the Singapore FinTech Festival to learn about Ripple’s business and customer traction in APAC (Ripple, Nov 12, 2025). Ripple also stated that Singapore continues to lead with clear rules and a strategic vision to build a trusted, connected digital-asset economy (Ripple, Nov 12, 2025). MAS has formally set out a regulatory framework for stablecoins and strengthened oversight of digital payment token service providers under the Payment Services Act, establishing defined licensing and operational requirements (Monetary Authority of Singapore, 2023; Monetary Authority of Singapore, 2024). These measures cover key areas such as custody, segregation of customer assets, and disclosure standards, underscoring Singapore’s policy clarity for digital-asset firms (Monetary Authority of Singapore, 2023; Monetary Authority of Singapore, 2024). For APAC-focused traders, Ripple’s stated regional traction alongside Singapore’s codified rules outlines a regulated operating environment relevant to counterparty and jurisdictional risk assessment in Singapore’s digital-asset market (Ripple, Nov 12, 2025; Monetary Authority of Singapore, 2023; Monetary Authority of Singapore, 2024).

According to Pedro Gomes on X on Sep 8, 2025, multiple private companies issuing stablecoins is a growing trend he views as a better approach than CBDCs, and he calls for more non-USD stablecoins (source: Pedro Gomes on X, Sep 8, 2025). According to Pedro Gomes, he expects a stablecoin explosion in Asia centered on JPY, KRW, THB, IDR, and PHP pegs, putting regional fiat-denominated stablecoins in market focus (source: Pedro Gomes on X, Sep 8, 2025).