Fasset wins Malaysia license for stablecoin-powered ‘Islamic digital bank’

Fasset has achieved a significant milestone by obtaining approval from the Labuan Financial Services Authority to launch a Shariah-compliant digital bank powered by stablecoins. This development is particularly important as it aims to serve the underserved markets in Asia and Africa, providing them with access to modern banking solutions that align with Islamic finance principles. This move not only enhances financial inclusion but also showcases the potential of digital currencies in transforming traditional banking.