Technological evolution enabling the offering of digital assets, particularly, using crypto technologyand distributed ledger technology, have made various crypto assets viable. However, with the perception ofhigh risks and threats posed by crypto assets, most markets around the world are yet to legalize the circulationof crypto currencies or offering of other digital assets. Even in jurisdictions that have not strictly banned cryptoassets or currencies, relevant regulatory standards to enhance the legal environment governing digital assetsare rare to come. However, with the efforts of pertinent international institutions, regulatory emergence couldbe noticed, especially in prominent financial markets like Singapore, Hong Kong and USA. The pioneeringregulation in this regard are seen first in one low-risk crypto asset offerings namely the stablecoins. The presentpaper aims at assessing the regulatory developments governing stablecoins in Singapore as one of the firstjurisdictions to introduce an exclusive stablecoins regulatory regime and assess its relative strength andpotential limitations from the perspective of stablecoins business operators. The paper also aims to undertakean assessment of contemporary regulatory development in two competing jurisdictions of Hong Kong and USAthat have introduced the latest legislative instruments comprehensively governing stablecoins. Three distinctparts of the paper carryout a close analysis of a selected set of regulatory standards and related developmentsin the three jurisdictions with some relevant references to the international regulatory efforts. The paperconcludes with an analysis of the major findings relating to the regulatory standards in Singapore and certaincomparative regulatory features to derive relevant implications and recommendations.