Malaysia Considers MYR-Backed Stablecoins and CBDC Integration

[cryptoenthusiast]

Under its digital asset roadmap, Malaysia’s central bank is studying tokenized deposits and MYR-denominated stablecoins to ensure the “singleness of money” while enhancing payment efficiency.

The plan also includes exploring wholesale CBDC integration for faster cross-border settlement and 24/7 digital payments.

Malaysia joins other Asian regulators — including Singapore’s MAS and Hong Kong’s HKMA — in adopting tokenization pilots as a path toward a more connected regional digital economy.

[EmTeam]

National stablecoins are the bridge between DeFi and central banks.

[Rimon Khan]

MYR-backed models could make regional cross-border payments seamless.