Regulation· ★★★· bullish·

Malaysia and Thailand join Singapore's BLOOM stablecoin payments initiative

  • —BLOOM is a MAS public-private project for stablecoin and tokenized deposit settlement
  • —Malaysia will run three ringgit stablecoin pilots in 2026
  • —Participants include Mastercard, Visa, Airwallex, Ripple and the World Bank
  • —The project evolved from Project Orchid, started in 2021 for a digital Singapore dollar
Why it matters: Southeast Asia is building a shared cross-border stablecoin settlement framework, sharpening competition with the EU's MiCA model.
Source: Bit2Me News
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