- US Treasury Secretary praised Singapore at APEC 2025.
- Singapore recognized for digital asset and stablecoin efforts.
- APEC 2025 highlights Asia’s growing influence in crypto.
At the APEC 2025 summit, held in Southeast Asia, US Treasury Secretary Scott Bessent publicly commended Singapore’s leadership in the fast-growing field of digital assets and stablecoins. His statement marks a significant recognition of Singapore’s strategic role in shaping digital finance in Asia and beyond.
According to Bessent, Singapore’s balanced regulatory framework, its forward-looking approach, and its collaboration with both global and regional players have made it a leader in the digital finance space. The country has implemented clear policies for digital asset exchanges, stablecoin issuers, and blockchain innovation — fostering a thriving ecosystem while maintaining financial stability.
Singapore Setting Standards in the Region
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has been at the forefront of digital asset regulation . Its Project Guardian and recent stablecoin framework have gained international praise for encouraging innovation while addressing risks like volatility, fraud, and money laundering.
Bessent’s remarks at APEC 2025 come as other countries look to replicate Singapore’s model. By setting clear regulatory standards and supporting public-private partnerships, Singapore is positioning itself as a crypto hub in Asia, competing with centers like Hong Kong and Dubai.
US Signals Openness to Asian Digital Finance Models
Bessent’s praise also signals a possible shift in US policy tone toward international collaboration in digital finance. Recognizing Singapore’s leadership may open doors for joint initiatives, regulatory harmonization, and cross-border digital currency infrastructure.
As stablecoins and blockchain technologies become integral to global finance, Singapore’s role is becoming increasingly influential — a trend reinforced by high-level recognition from global economic leaders.
