#MalaysiaAndThailandJoinSingaporeStablecoinInitiative
🌏 Malaysia and Thailand Join Singapore's Stablecoin Push
📅 Oct 23: Bank Negara Malaysia and the Bank of Thailand joined MAS's BLOOM initiative as policymaker members
🔗 BLOOM builds common rules for cross-border settlement in tokenised deposits and regulated stablecoins
🆕 New industry members include Visa, Mastercard, Ripple, Maybank, Airwallex and the World Bank Group
🏦 Circle, Coinbase, DBS and J.P. Morgan were already in
📊 Focus: cross-border settlement, interoperability, and controls like sanctions screening
📉 Goal: fewer one-off bank deals, lower cost
What it means for crypto: regulated stablecoins like
$USDC get a clearer path into real ASEAN payments. It's still framework work, not a live payment rail yet.
Will Southeast Asia lead stablecoin payments? 👇
$USDC $XRP #CryptoNews #Stablecoins #ASEAN #MalaysiaAndThailandJoinSingaporeStablecoinInitiative