The Singapore Dollar (SGD). We use it to buy car, buy house, buy chicken rice, buy gf… Source: Tenor You get the point; the Singapore Dollar has been Singapore’s legal tender and remains largely unchanged since its inception in 1967. And while we do have the option of going cashless in recent years thanks to the digital form of SGD, the Singapore Dollar still has its limitations. After attending Blockchain Week 2022, organised by the Blockchain Association of Singapore and even graced by a Member of Parliament (MP) and the Monetary Authority of Singapore (MAS), one of their panels titled “CBDCs vs Stablecoin” had me wondering: Could it be time for a new Singaporean currency? And if so, what would it be? Let’s explore!

The Possible New Forms of SGD: CBDCs vs Stablecoins

With the advent of new technologies, new forms of currencies such as...