Malaysia Advances Stablecoin and Tokenized Deposit Pilots

Bank Negara Malaysia (BNM) has onboarded three pilot initiatives centered on a ringgit-backed stablecoin and tokenized deposits, marking a structured step within its three-year Asset Tokenization Roadmap. The projects aim to modernize national payment infrastructure while evaluating the monetary and financial stability implications of digital asset integration. source: https://www.ethnews.com/malaysia-advances-stablecoin-and-tokenized-deposit-pilots/