Singapore, Malaysia and Thailand central banks to study stablecoins in cross-border payments with Ripple, Visa and Mastercard

• —The study covers regulated stablecoins, tokenized deposits and other forms of digital money
• —A key goal is interoperability between different payment networks and cross-border settlement
• —Programmable compliance checks are also part of the scope
• —Participants include MAS, the central banks of Malaysia and Thailand, Ripple, Visa, Mastercard, Airwallex and the World Bank