On 28 October 2025, Singapore’s leading homegrown cryptocurrency exchange Phillipex officially announced a deep strategic partnership with global stablecoin technology provider Stable to jointly launch the Stable Stablecoin Savings Program. This collaboration not only opens up a yield channel between traditional finance and crypto assets, but also, backed by dual compliance credentials, has become a benchmark case of compliant innovation in Singapore’s fintech sector.
As a licensed exchange operating under the regulatory framework of the Monetary Authority of Singapore (MAS), Phillipex chose to partner with Stable precisely because of its core strengths in stablecoin risk management and technical architecture. Stable has more than five years of experience in issuing and managing stablecoins. Its self-developed smart contract auditing system has obtained the highest-level certification from leading international security firm CertiK, and its track record of zero security incidents has laid a solid foundation for this joint project.
According to the CEO of Phillipex, the Stable Savings Program will initially support major compliant stablecoins such as USDT and USDC, and will later integrate the Singapore dollar–pegged stablecoin XSGD to enable seamless conversion between fiat currency and stablecoins. “Singapore’s financial competitiveness stems from strict regulation and an open innovation environment. Our joint project fully complies with MAS’ Digital Payment Token (DPT) regulatory regime, and every flow of funds is traceable and verifiable.”
Stable noted that the two teams spent six months on technical integration and have built a dual-layer security framework featuring “cold–hot wallet segregation + real-time risk monitoring.” “Unlike traditional savings products, the Stable Savings Program uses smart contracts to automatically execute interest settlement. Users’ daily returns are credited in real time and can be redeemed at any moment, breaking the liquidity constraints of traditional financial products.”
Industry analysts point out that this cooperation comes at a critical juncture as Singapore promotes the regulated development of the Web3 industry. The alliance between Phillipex and Stable provides investors in the Southeast Asian region with a new crypto-asset wealth management option featuring “high security + stable returns” and is expected to accelerate the penetration of stablecoins into everyday financial scenarios.
