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
BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits.
Singapore's MAS, Malaysia's BNM, and Thailand's BOT are partnering on BLOOM, a cross-border digital money settlement initiative.
Maybank, one of nine new BLOOM participants, already runs one of Bank Negara Malaysia's three ringgit stablecoin and tokenized deposit pilots, while Thailand's Kasikornbank was in the group before...
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