Standard Chartered & AirAsia Launch Ringgit Stablecoin
Update: 2025-12-12
Description
Standard Chartered Bank Malaysia and Capital A, AirAsias parent company, are partnering to create a ringgit-pegged stablecoin for wholesale use in Malaysias financial system. This initiative, part of Malaysias Digital Asset Innovation Hub, aims to modernize payment systems and capital markets using digital asset technology. The project marks Capital As entry into the regulated digital asset space and reflects Malaysias commitment to staying current with global financial trends.
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