Central banks in three countries team up on stablecoin cross-border settlement 🌏
10/23 Singapore’s Monetary Authority announced that Bank Negara Malaysia and the Bank of Thailand are joining the BLOOM initiative
Using regulated stablecoins + tokenized deposits for cross-border payments
Visa, Mastercard, Ripple, and Circle are all on the participant list
Three key signals:
📌 Central banks are stepping in to set cross-border settlement standards, rather than watching from the sidelines
📌 Stablecoins are shifting from “crypto trading tools” to “payment infrastructure”
📌 Traditional card networks are also competing to enter Southeast Asia’s remittance market
Will cross-border remittances become cheaper and faster? Let’s discuss in the comments 👇
#稳定币 #跨境支付 #Web3
10/23 Singapore’s Monetary Authority announced that Bank Negara Malaysia and the Bank of Thailand are joining the BLOOM initiative
Using regulated stablecoins + tokenized deposits for cross-border payments
Visa, Mastercard, Ripple, and Circle are all on the participant list
Three key signals:
📌 Central banks are stepping in to set cross-border settlement standards, rather than watching from the sidelines
📌 Stablecoins are shifting from “crypto trading tools” to “payment infrastructure”
📌 Traditional card networks are also competing to enter Southeast Asia’s remittance market
Will cross-border remittances become cheaper and faster? Let’s discuss in the comments 👇
#稳定币 #跨境支付 #Web3
