BLOOM Stablecoin News: Malaysia, Thailand Join MAS, Market Reacts? As of October 24, 2026, Crypto news today is led by policymakers rather than tokens. Per theMAS media release, published on
As of October 24, 2026, Crypto news today is led by policymakers rather than tokens.
Per theMAS media release, published on October 23, 2026, Malaysia and Thailand join BLOOM as policymaker members, and this BLOOM stablecoin news report covers what changed.
CryptosR_Us also covered this news in atweet on X, pointing to Ripple, Visa and Mastercard among the participants.
BLOOM is a public-private initiative led by the Monetary Authority of Singapore. Its name stands for Borderless, Liquid, Open, Online, Multi-currency.
It brings policymakers, lenders, payment networks and technology firms together to develop tokenised deposits and regulated stablecoins for cross-border payments, per theMAS initiative page.
It builds on Project Orchid, which explored a digital Singapore dollar, and targets G10 and Asian currencies for wholesale use cases.
The official page lists 28 members. Policymakers form the newest layer:
Bank Negara Malaysia BLOOM stablecoin role: policymaker member since October 23
Bank of Thailand BLOOM stablecoin role: policymaker member since October 23
MAS: policymaker member
Group
Names
New participants
Airwallex, Mastercard, Maybank, Monee, Nium, Ripple, ShopeePay, Visa, World Bank Group
Existing examples
Circle, Coinbase, J.P. Morgan, DBS, Standard Chartered
The Ripple Visa Mastercard BLOOM additions place two card networks and Ripple inside the working group. The release lists three focus areas:
Acceptance and settlement across jurisdictions
Interoperability between digital money arrangements
Programmable controls, such as identity verification and sanctions screening
This BLOOM stablecoin news detail matters because the work targets shared rules, not one product.
The regulator says the initiative aims to reduce separate arrangements with each counterparty, lowering cost and time to market.
Why did central banks join MAS BLOOM? MAS says their participation keeps public policy and regulatory considerations in view while frameworks are developed.
Most central banks join BLOOM news headlines skip one detail: the release sets no launch date for live settlement.
The Bank Negara Malaysia stablecoin pilots began earlier this year. In itsBNM press release dated February 11, 2026, the Digital Asset Innovation Hub onboarded three initiatives testing ringgit stablecoins and tokenised deposits for wholesale payments. BNM plans greater clarity by end-2026.
The Bank of Thailand stablecoin stance is exploratory. Deputy Governor Daranee Saeju said participation helps inform regulatory approaches for tokenised money in cross-border payments and wholesale settlement.
Deputy Governor Aznan bin Abdul Aziz of BNM said frictionless payments using several digital monies now look closer to reality.
Analysts following crypto news may read the Malaysia Thailand BLOOM entry as a standards signal before a market one.
Singapore stablecoin payments work now has regional policymaker input, while Singapore stablecoin cross-border payments remain at the framework stage.
Digital settlement rules could, in time, lessen reliance on correspondent banking links, though no source confirms that outcome.
No official source ties the announcement to a price move, so any market reaction stays uncertain. A central bank stablecoin policy from either country could be the next marker to watch.
BLOOM stablecoin news will likely turn on live pilots, not announcements.
Disclaimer: This article is for information only and is not financial, legal, or investment advice. Crypto assets are volatile, and you can lose money. Verify details with official sources before making any decision.
