Singapore’s stablecoin momentum has become a defining feature of the regional crypto market in 2025, reinforced by Bybit’s 2025 World Crypto Rankings which named Singapore the top country for regulatory clarity. The ranking underscores a favorable regulatory environment that could help stablecoins scale further as cross-border payments and crypto services expand. Within Singapore, stablecoins have gained significant traction in 2025, with the market capitalization of the Singapore dollar-backed XSGD rising to about S$17 million as of December, up from S$10 million a year earlier.
This momentum suggests stablecoins could become more prominent in regional payments and international settlements, aligning with Singapore’s aim to position itself as a regulatory hub for digital finance. Clearer rules and ongoing supervision may attract issuers and users, supporting broader growth in cross-border crypto services and payment solutions.
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