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EVENT / TOPICHistorical

Malaysia and Thailand Join Singapore's Cross-Border Stablecoin Initiative

2 reports2 sources10/23/2026 updated

Current overview (not historical)

AI overview

Singapore, Malaysia, and Thailand have expanded their cross-border stablecoin initiative, originally known as the BLOOM project, to include Malaysia and Thailand as new members. The project, involving the central banks of the three nations and private partners Ripple, Visa, and Mastercard, aims to explore multi-currency stablecoins and tokenized deposits for cross-border settlements. Malaysia and Thailand have formally joined the initiative to leverage Singapore's mature regulatory framework. The initiative's scope has broadened beyond its original scope, with the addition of new member countries and participating firms. While the project seeks to utilize Singapore's regulatory environment, specific details on the technical implementation and the full extent of private sector involvement continue to evolve as the participating jurisdictions move forward.

Written with AI from the reporting · updated 10/23/2026

Latest developmentOct 23, 20:55
Singapore, Malaysia, and Thailand central banks expand cross-border stablecoin initiative with Ripple, Visa, and Mastercard
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  1. 1Unclassified fact stationOct 23, 15:56single sourcereport-time onlyrevised

    马来西亚和泰国加入新加坡跨境稳定币倡议

    Read original source ↗ CointelegraphReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    malaysia
    Action：
    加入
    Object：
    新加坡跨境稳定币倡议
    Occurred (fact side)：
    not recorded
    Cointelegraph ↗Report pageRevision 2 · currently revised
    Published (valid side)：
    Oct 23, 15:15
    First seen (known side)：
    Oct 23, 15:56
    Fact stationSingle source · one-sided claimRevisedReport-time only

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

  2. 2Unclassified fact stationOct 23, 00:00recorded Oct 23, 21:20single source

    新加坡、马来西亚和泰国央行扩大跨境稳定币计划

    Read original source ↗ The BlockReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    new-york-fed
    Action：
    扩大计划
    Object：
    BLOOM倡议
    Occurred (fact side)：
    Oct 23, 00:00
    The Block ↗Report pageOriginal / first version
    Published (valid side)：
    Oct 23, 20:55
    First seen (known side)：
    Oct 23, 21:20
    Fact stationSingle source · one-sided claim

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

Uncertainty marks flag where to check the sources; they are not proven causation.

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Oct 23
  1. The BlockRelated fact: single source
    Singapore, Malaysia, and Thailand central banks expand cross-border stablecoin initiative with Ripple, Visa, and Mastercard

    Report first recorded Oct 23, 21:20

    Malaysia and Thailand have joined Singapore's BLOOM initiative, which focuses on cross-border stablecoin and tokenized deposit settlement, involving Ripple, Visa, and Mastercard.

    Read original source ↗
  2. CointelegraphRelated fact: single sourceFact occurrence time unverifiedSource report revised
    Malaysia and Thailand Join Singapore in Cross-Border Stablecoin Initiative

    Report first recorded Oct 23, 15:56

    Officials from Singapore, Malaysia, and Thailand confirmed cooperation to advance a cross-border stablecoin project aimed at boosting digital asset flow and payment efficiency across the region. The plan intends to leverage Singapore's established regulatory framework to explore the application of multi-currency stablecoins in cross-border settlements.

    Read original source ↗

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