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Market
Number of banks partnering with Paxos for stablecoin by end of 2024?
3
Resolution / Starting Odds
1-2 Banks • 33%
3-5 Banks • 33%
More than 5 Banks • 33%
Official partnerships announced by Paxos or partner banks
Story
Paxos Gains Approval from Singapore's Central Bank to Issue Stablecoins with DBS Group
Jul 2, 2024, 10:26 AM
Paxos has received full approval from the Monetary Authority of Singapore (MAS) to issue stablecoins. The company plans to issue a stablecoin that will be substantively compliant with MAS' upcoming stablecoin framework. Singapore's largest bank, DBS Group, will provide custodial services for Paxos and serve as its primary banking partner. This approval from Singapore's central bank marks a significant step for Paxos in expanding its digital payment token services in Singapore.
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0-2 • 25%
3-5 • 25%
6-8 • 25%
9 or more • 25%
Less than 10% • 33%
10% to 20% • 34%
More than 20% • 33%
Less than $1 billion • 33%
$1 billion to $5 billion • 34%
More than $5 billion • 33%
1-5 institutions • 25%
6-10 institutions • 25%
11-20 institutions • 25%
More than 20 institutions • 25%
Yes • 50%
No • 50%
0-5 partnerships • 33%
6-10 partnerships • 33%
More than 10 partnerships • 34%
