Bank Negara Malaysia Plans to Launch Stablecoin and Tokenized Deposit Initiatives

TLDR Bank Negara Malaysia is testing ringgit stablecoins and tokenized deposits in 2026. Standard Chartered and Capital A lead the ringgit stablecoin project. The projects focus on improving wholesale payment systems. Maybank and CIMB are developing tokenized deposits for payments. BNM aims to assess financial stability and set policy by end of 2026 Bank Negara [...]

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