Bank Negara Malaysia and the Bank of Thailand joined Singapore's BLOOM initiative as policymaker members. BLOOM is a public-private initiative that helps financial institutions use stablecoins and tokenized deposits for cross-border payments, aiming to cut costs and speed up time to market, according to the Monetary Authority of Singapore (MAS). Launched in October 2025 on top of Project Orchid, which began in 2021, its participants include Airwallex, Mastercard, Ripple, Visa and the World Bank Group. Separately, Bank Negara Malaysia announced in February three initiatives to test ringgit stablecoins and tokenized deposits in 2026.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/22/2026 | 81,416.09 |
| Change that session | -3.18% |
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