BLOOM Stablecoin Initiative Expands as Two More Central Banks Sign On

Bank Negara Malaysia and the Bank of Thailand add their weight to a Monetary Authority of Singapore-led effort on cross-border stablecoin infrastructure. Bank Negara Malaysia and the Bank of Thailand have formally joined BLOOM, a cross-border initiative originated by the Monetary Authority of Singapore. The initiative centers on stablecoin and digital payment infrastructure designed to work across national borders. Their participation brings three of Southeast Asia's most significant financial regulators into a single coordinated framework. MAS has positioned itself as a regional leader in digital asset policy over the past several years.