It is Singapore’s BLOOM initiative, expanded to include Bank Negara Malaysia and the Bank of Thailand as policymaker members. BLOOM works on cross-border settlement using digital money, including regulated stablecoins and tokenized deposits; the central banks are developing common standards for acceptance, settlement and interoperability, according to MAS and CoinDesk.

It is Singapore’s BLOOM initiative, expanded to include Bank Negara Malaysia and the Bank of Thailand as policymaker members. BLOOM works on cross-border settlement using digital money, including regulated stablecoins and tokenized deposits; the central banks are developing common standards for acceptance, settlement and interoperability, according to MAS and CoinDesk.

The reported industry participants include Ripple, Visa, Mastercard, Airwallex and the World Bank Group. Circle, Coinbase, JPMorgan and Stripe are named only in Coin Bureau’s post; the available sources do not identify them as BLOOM participants.