Bank Negara Malaysia will test a practical application plan involving the ringgit stablecoin and tokenized deposits in 2026

According to market news, Bank Negara Malaysia announced that it will test a practical application plan involving the ringgit stablecoin and tokenized deposits in 2026.

It stated that the testing will allow the central bank to assess the impact of stablecoins and tokenized deposits on monetary and financial stability, and provide a basis for policy direction in these specific areas. Clearer guidance on the use of the ringgit stablecoin and tokenized deposits is expected to be provided by the end of 2026.