Alpaca named Rohit Mulani as President of Alpaca Southeast Asia and David Grant as CEO of Alpaca Singapore in May, ahead of this week's MAS approval in principle.
Issued by a federally chartered U.S. bank, USDPT gives Western Union a regulated stablecoin that correspondent banks and local regulators can recognise.
Pre-emptive scam detection means flagging risk before a victim sends funds, not after. MAS is testing whether cross-bank AI models can make that the standard in Singapore.
Fireblocks, Dynamic, and TRES power USDPT's wallet, settlement, and treasury operations. Western Union's stablecoin launch is infrastructure-first, not marketing-first.
Southeast Asia's fragmented payment corridors and large migrant remittance flows make it a structurally important market for exactly this kind of partnership.