Payments in Singapore With Stablecoins Rise to Almost $1 Billion - Bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Payments in Singapore using stablecoins reached a record high of almost $1 billion in the second quarter, led by transactions at merchant outlets, according to a report from Chainalysis. Businesses use the tokens because of “efficiency and low cost,” Chainalysis Cybercrimes Research Lead Eric Jardine said. Stablecoin payments in Singapore amounted to about $161 million in the second half of 2023, the study showed. RBC’s McKay Says Canada Is on ‘Wrong Path’ and Needs Tax Reform Israel Offers Hamas Leader Safe Exit From Gaza in Bid to End War Taylor Swift Endorses Harris for President After Debate China’s $6.5 Trillion Stock Rout Worsens Economic Peril for Xi How Kamala Harris Baited Trump Into a Debate on Her Terms by Nancy Co
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