Paxos Gets DBS Bank Backing for Stablecoin Launch in Singapore

DBS Group Holdings Ltd., Singapore’s largest bank, is deepening its foray into the digital asset sector by offering custody services for stablecoin reserves in partnership with Paxos Trust Co. This move marks a significant step for both DBS and the broader adoption of stablecoins in the regulated financial landscape. According to the Bloomberg report, this The post Paxos Gets DBS Bank Backing for Stablecoin Launch in Singapore appeared first on Coin Edition .

Source: Coin Edition