The Central Bank of Malaysia will test a practical application plan involving a ringgit stablecoin and tokenized deposits in 2026.

PANews reported on February 11th that, according to Jinshi, the Central Bank of Malaysia announced a plan to test the practical application of RM stablecoins and tokenized deposits in 2026. The central bank stated that the test will allow it 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. It aims to provide clearer guidance on the use of RM stablecoins and tokenized deposits by the end of 2026.