AirAsia Founder, Standard Chartered Exploring Ringgit Stablecoin
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Capital A CEO Tony FernandesThe operator of AirAsia and the Malaysian unit of Standard Chartered have inked a deal to explore a ringgit-backed stablecoin in the Southeast Asian country, days after a Malaysian royal announced the launch of a similar token. Tony Fernandes’s Capital A and Standard Chartered Bank Malaysia Bhd. signed a letter of intent to develop and test the stablecoin through a digital-asset innovation hub overseen by Bank Negara Malaysia, according to a statement on Friday.