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

Malaysia and Thailand are joining Singapore's cross-border stablecoin initiative, with the BLOOM project aiming to reduce costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits. The expansion adds two more Southeast Asian jurisdictions to a regional push for tokenized settlement infrastructure. Traders would watch this as a signal of growing institutional and regulatory support for stablecoin rails in Asia, though no specific tokens or timelines were named.