Home
News
Details

Malaysia's Ringgit Stablecoin Gains Momentum with Capital A and Standard Chartered Involvement

iconCoinpedia
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
Malaysia’s ringgit-backed stablecoin is gaining traction as Capital A and Standard Chartered Bank Malaysia ink a letter of intent to explore the project under Bank Negara Malaysia’s Digital Asset Innovation Hub (DAIH). Standard Chartered will likely serve as issuer, while Capital A will pilot use cases in travel and digital commerce. The initiative is being tested in a central bank-regulated sandbox, reflecting current caution in the digital asset market.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.