According to ChainCatcher, citing Bloomberg, Capital A, founded by AirAsia founder Tony Fernandes, has signed a letter of intent with Standard Chartered Bank (Malaysia branch) to explore the launch of the Ringgit stablecoin in Malaysia. Standard Chartered will act as the issuer, while Capital A will be responsible for piloting real-world wholesale applications.
The project will take place at the Digital Asset Innovation Centre, which is regulated by the Central Bank of Malaysia. Tony Fernandes stated that this move is a significant step in the group's transformation from its aviation business to a technology ecosystem.
According to previous reports from ChainCatcher, Bullish Aim, the 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 targets the cross-border payment market in the Asia-Pacific region.
