BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits.
The expanded participant group includes Visa, Mastercard and the World Bank Group, with work focused on cross-border settlement frameworks and interoperability.... Read the full story at The Defiant
Singapore's MAS, Malaysia's BNM, and Thailand's BOT are partnering on BLOOM, a cross-border digital money settlement initiative.
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