Topic: #cross-border-payments
-
Malaysia, Thailand central banks join Singapore's BLOOM stablecoin initiative
Bank Negara Malaysia and the Bank of Thailand joined Singapore's BLOOM initiative as policymaker members. BLOOM is a public-private push to use stablecoins and tokenized deposits for cross-border payments.
-
Verda Ventures report finds 16 of 494 LatAm stablecoin firms focus on liquidity
A Varys Capital and Verda Ventures report found only 16 of 494 Latin American stablecoin companies focus on wholesale liquidity. Verda partner Amit Chu said that thin layer could put local-currency cash-outs at risk.
-
Saudi Arabia exits mBridge CBDC project after proof of concept
Saudi Arabia's central bank has exited mBridge, a China-led cross-border digital currency platform, after completing a proof of concept in May 2025. The withdrawal comes as US policymakers have raised concerns about the project's potential to circumvent sanctions.