According to MAS, the Monetary Authority of Singapore and the central banks of Malaysia and Thailand will collaborate with industry participants on cross-border settlement using regulated stablecoins, tokenized deposits and other digital money. Ripple, Visa, Mastercard, Airwallex and the World Bank Group are among the new participants, with work focused on payment network interoperability and programmable compliance controls. Separately, memecoin Project Kimchi's market cap fell over 98% to roughly $284K after Pumpfun co-founder Alon removed his repost of trader Kimchi's promotional post; the token had peaked near $15M, with about $9.3M in 24-hour volume per GMGN.

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  1. First reportMalaysia and Thailand join the BLOOM cross-border digital-money initiative23 acc.
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  • @MAS_sg MASFirst reportOn X ↗

    MAS announced that Bank Negara Malaysia and Bank of Thailand have joined the BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative as policymaker members. https://t.co/pTEJRcUkWx

  • @ChartNerdTA 🇬🇧 ChartNerd 📊On X ↗

    🔥 HUGE! Malaysia and Thailand's central banks join @Ripple and others inside Singapore's BLOOM initiative for cross-border stablecoin and tokenized deposit payments 🌏 https://t.co/h9zMZZufzV

  • @CointelegraphOn X ↗

    🇲🇾 🇹🇭 LATEST: Malaysia and Thailand’s central banks join Singapore’s BLOOM initiative for cross-border stablecoin and tokenized deposit payments.

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  • @TheBlockCo The BlockOn X ↗

    THE BLOCK: Malaysia and Thailand's central banks have joined Singapore's BLOOM initiative to advance cross-border settlement using stablecoins and tokenized deposits. Ripple, Visa, Mastercard, and the World Bank Group are among the participants, alongside Circle, Coinbase, and…

  • @CoinDeskOn X ↗

    JUST IN: Bank Negara Malaysia and the Bank of Thailand join Singapore’s BLOOM initiative, expanding the cross-border digital money framework to three central banks as they develop common standards for acceptance, settlement and interoperability.

  • @solidintel_x Solid Intel 📡On X ↗

    INTEL: Malaysia and Thailand join Singapore’s BLOOM initiative to develop cross-border payment standards for regulated stablecoins and tokenized bank deposits

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