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Capital A and Standard Chartered Test MYR Stablecoin in Malaysia

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Capital A, parent of AirAsia, has joined forces with Standard Chartered Malaysia to test a MYR-denominated stablecoin. The project, part of Bank Negara Malaysia’s Digital Asset Innovation Hub, represents Capital A’s first regulated foray into digital assets. The initiative focuses on wholesale use cases and real-time settlements. CEO Tony Fernandes emphasized the innovation and potential for the company to evolve into a tech-driven digital ecosystem.
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