Malaysia, Thailand join Singapore’s cross-border stablecoin push

BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits.
Source: cointelegraph.com

BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits.
Source: cointelegraph.com
Stablecoin flows have crossed from crypto liquidity into the market map central banks use to track dollar funding. The Bank for International Settlements, in its June 23 Annual Economic Report chapter on innovation beyond stablecoins, argued that private dollar tokens still fall short of the core tests of money. The same official-sector push now sits alongside a working paper…
SideSwap’s wallet funds the reopened swaps while partly manual refills can delay payments and direct Federation withdrawals remain restricted. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox Source: cryptoslate.com Read Full Story