US Treasury Secretary praises Singapore’s digital asset adoption at APEC

Scott Bessent met Prime Minister Lawrence Wong during the APEC 2025 summit, as world leaders gathered to address global growth, energy security and technology.

US Treasury Secretary Scott Bessent praised Singapore’s leadership in stablecoin and digital asset adoption during a meeting with Prime Minister Lawrence Wong on Friday, according to an official readout from the US Department of the Treasury. 

The discussion was held at the Asia-Pacific Economic Cooperation (APEC) 2025 summit in Gyeongju, South Korea, where world leaders are meeting to discuss global growth, energy security and technology.

Bessent also told APEC leaders during the Economic Leaders’ Informal Dialogue that through their work with APEC economies, the US is “seeing record levels of capital being invested into advanced manufacturing and technology sectors.” 

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