Malaysia is initiating a program to make use of STABLECOINS: 3 of them will be issued during the year 2026 to test their relevance for the local economy.
Malaysia is betting on stablecoins:
The central bank of Malaysia announced on February 11, 2026, a new program to test several stablecoins. Three projects in particular have been selected as part of the Digital Asset Innovation Hub (DAIH), which was launched in June 2025.
This will allow the institution to test real cases around 3 stablecoins backed by the ringgit (MYR), the local fiat currency. The central bank's objective is to assess the impacts on monetary and financial stability before making a regulatory decision.
Malaysia is considering the issuance of a CENTRAL BANK DIGITAL CURRENCY (CBDC), aimed at the general public, thus its exploitation of stablecoins allows it to test certain payment technologies in real conditions.
[THE CENTRAL BANK PLANS TO PROVIDE MORE CLARITY ON THE USE OF RINGGIT-BACKED STABLECOINS AND TOKENIZED DEPOSITS BY THE END OF 2026. THESE WORKS COULD ALSO CONSTITUTE A PREPARATORY STEP TOWARDS FUTURE INTEGRATION WITH OTHER INITIATIVES, PARTICULARLY THOSE RELATED TO A CENTRAL BANK DIGITAL CURRENCY.]
Beyond stablecoins, the central bank will also test tokenized deposits to create bridges between blockchain and traditional finance. Furthermore, a regulatory framework is expected by the end of 2026. Malaysia is thus clearly positioning itself to integrate these new technologies, at a time when the stablecoin sector is booming.