The Monetary Authority of Singapore (MAS) announced on October 23 that the Bank of Malaysia and the Bank of Thailand have officially joined the BLOOM Cross Border Digital Currency Initiative, jointly promoting cross-border payments and settlements of regulated stablecoins, tokenized deposits, and other digital currencies. This initiative has added participants such as Ripple, Visa, Mastercard, Airwallex, and the World Bank Group, with a focus on cross-border settlement, interoperability of different payment networks, and programmable compliance control, aiming to reduce cross-border transaction costs for financial institutions. https://www. (wublock123.com)/news/mas-and-bank-of-thailand-join-bloom-cross-border-digital-currency-initiative-ripple-visa-70598