Wire · operational-macro
Singapore, Malaysia, Thailand Advance Stablecoin Settlement Initiative
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Fusion42 · 24 October 2026 · Fusion42 review
The central banks of Singapore, Malaysia, and Thailand have expanded the BLOOM initiative to promote cross-border payments with regulated stablecoins and tokenized deposits. The initiative now includes major financial and technology firms and aims to develop shared frameworks for interoperability, acceptance, and programmable compliance in digital money transactions.
This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it between 23 Oct 2026 and 24 Oct 2026.
◆ ◆ The Wire takeaway
Cross-border payment founders in Asia-Pacific are entering a market with growing regulatory and industry alignment that lowers integration costs and supports wider digital money adoption, opening new opportunities for settlement innovation and partnerships.
◆ Coverage
3 sources · first reported 23 Oct 2026 · latest 24 Oct 2026
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