Malaysia Central Bank Tests Ringgit Stablecoins With Banking Giants

Stablecoin News Bank Negara Malaysia's Digital Asset Innovation Hub launched three regulatory sandbox programs on Wednesday to develop stablecoins pegged to the country's fiat currency. The central bank will collaborate with Standard Chartered Bank, CIMB Group Holding, Maybank, and investment firm Capital A during the pilot phase. The initiatives target wholesale settlement systems between financial institutions rath.