DBS Bank Enters Stablecoin Custody Space in Singapore

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10 months ago bitnews

Singapore’s largest bank, DBS Group Holdings, has announced its entry into the cryptocurrency industry with stablecoins. According to Bloomberg, DBS will provide custody services for stablecoin reserves and offer related cash management services. This move comes through a partnership with Paxos Trust Co.’s local unit. Paxos had also recently received a license from the Monetary …