Desfran Consulting

Stablecoins are continually growing in popularity as they bring about stability in an uncertain and booming crypto market scene. Stablecoins facilitate the trading of digital assets as a semblance of real money. They are also designed to hold a stable value or at least values with minimal volatility but offer no appreciation in value. Learn why investors need to understand first the various limitations before utilising stablecoins as digital money for offshore banking .

Innovations using blockchain technology disrupted how companies and markets conduct business. Digital currencies are on the rise, particularly stablecoins, due to its convenience and opportunities it offers to businesses. For tech entrepreneurs who hire foreign talents offshore, stablecoins are the answer to efficiently move funds and improve the flow of capital .

The banking and finance industry of Singapore is amongst the most innovative sectors in the world-renowned for its espousal of cutting-edge financial technologies while sustaining robust legislative policies. Working towards the country-wide initiative of a Smart Nation, Singapore’s finance industry stands its ground as a resolute contender in the technological arena. In fact, it is one of the largest steps taken by the city-state as yet to liberalise the banking industry and lower entry barriers for non-conventional applicants. Here are the details about the digital bank licensing and its impact on various stakeholders in Singapore .