Malaysia, Thailand join Singapore’s cross-border stablecoin push
Summary
Malaysia and Thailand are now participating in Singapore's cross-border stablecoin initiative. This collaborative effort utilizes a platform designed to lower operational expenses by assisting financial institutions in coordinating the international deployment of stablecoins and tokenized deposits.
BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits.
Source: Read the full story at Cointelegraph.com News
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