Bloomberg: AirAsia operator and Standard Chartered plan to collaborate on issuing Malaysian Ringgit stablecoin

CoinVoice has learned that, according to Bloomberg, Capital A, founded by Asian Airlines founder Tony Fernandes, has signed a letter of intent with Standard Chartered Bank (Malaysia branch) to explore the launch of a ringgit (MYR) stablecoin in Malaysia, with Standard Chartered serving as the issuer and Capital A responsible for piloting real-world wholesale applications.

The project will be conducted at the digital asset innovation center under the regulation of Bank Negara Malaysia. Tony Fernandes stated that this move is an important step for the group’s transformation from an airline business to a technology ecosystem.

CoinVoice previously learned that Bullish Aim, a telecommunications company owned by the Crown Prince of Malaysia, announced the launch of RMJDT on Tuesday. This stablecoin is pegged to the Malaysian ringgit and aims at the cross-border payment market in the Asia-Pacific region.