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Bank Negara Malaysia and the Bank of Thailand join BLOOM
Bank Negara Malaysia and the Bank of Thailand joined Singapore's BLOOM initiative on Friday as policymaker members.
Key takeaways
- Bank Negara Malaysia and the Bank of Thailand joined Singapore's BLOOM initiative on Friday as policymaker members.
What happened
Bank Negara Malaysia and the Bank of Thailand joined Singapore's BLOOM initiative on Friday as policymaker members.
BLOOM is a public-private initiative that intends to help financial institutions use stablecoins and tokenized deposits for cross-border payments.
Participating institutions will concentrate on cross-border acceptance and settlement, interoperability between digital money networks, and programmable transaction controls.
MAS's release does not name a stablecoin, a tokenized deposit product, a payment corridor or a start date. MAS's release describes nothing under BLOOM as live.
Sources · 5 publishers
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Malaysia, Thailand join Singapore’s cross-border stablecoin push
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Malaysia, Thailand Join Singapore to Expand Cross-Border Stablecoin Payments
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Singapore, Malaysia and Thailand central banks expand cross-border stablecoin initiative involving Ripple, Visa and Mastercard -
Malaysia, Thailand Join Singapore’s Cross-Border Payment Push -
Malaysia and Thailand Central Banks Join Singapore’s BLOOM as Roster Hits 24 Firms
