Capital A and Standard Chartered Plan Ringgit Stablecoin in Malaysia

According to Foresight News, Capital A, founded by Tony Fernandes, has signed a memorandum of understanding with Standard Chartered Malaysia to explore the introduction of a ringgit stablecoin in Malaysia. Standard Chartered will act as the issuer, while Capital A will oversee the pilot of wholesale applications. The project will be conducted at the digital asset innovation center regulated by Malaysia's central bank. Tony Fernandes stated that this initiative marks a significant step in the group's transition from the aviation sector to a technology ecosystem.