Regulation· ★★★· bullish·

Singapore's MAS Adds Malaysia and Thailand to BLOOM Digital Money Initiative

  • —BLOOM covers tokenized deposits, regulated stablecoins and cross-border settlement
  • —MAS, Bank Negara Malaysia and Bank of Thailand will develop common approaches
  • —New participants include Mastercard, Visa, Ripple and the World Bank Group
  • —The initiative announced no new stablecoin or service launch date
Why it matters: Shared standards across three central banks could speed up and cut costs for cross-border stablecoin and tokenized deposit settlement in Asia.
Source: The Coin Republic
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