ASIA IS TURNING STABLECOINS INTO BANKING INFRASTRUCTURE – AND THE WEST IS SLEEPWALKING 🌏💸
While the U.S. fights over CLARITY Act yields, Asia just... built it.
What's happening:
🇲🇾 Malaysia: Central bank launched 3 initiatives with Standard Chartered, Maybank, CIMB for ringgit stablecoins
🇰🇷 South Korea: 4 major banks (Shinhan, IBK, NongHyup, K Bank) formed first-ever interbank stablecoin consortium
🇸🇬 Singapore: SGB Net processes $2 BILLION monthly in stablecoin transactions
🇯🇵 Japan: MUFG, SMBC, Mizuho testing yen stablecoins for corporate payments
The result: Institutional crypto transactions in Asia: $2.3 TRILLION. Growth: 70% in one year .
The West debates. Asia builds.