[The Monetary Authority of Singapore has begun developing a stablecoin regulatory framework, focusing on reserve backing and redemption reliability] Odaily Planet Daily News: The Monetary Authority of Singapore (MAS) is formulating a regulatory framework for stablecoins, with a focus on reserve backing and redemption reliability. Additionally, MAS will test tokenized bank liabilities and regulated stablecoin settlements. DBS Bank, OCBC Bank, and UOB have completed real-time trials using wholesale Singapore dollar central bank digital currency (CBDC) for overnight interbank loans. MAS plans to expand these trials to include tokenized MAS bills settled with central bank digital currency. (TechinAsia)