Fasset Wins Malaysia License to Launch First Stablecoin-Based Islamic Digital Bank

CoinDeskTuesday, October 7, 2025 at 5:17:09 AM
Fasset Wins Malaysia License to Launch First Stablecoin-Based Islamic Digital Bank
Fasset has made a significant move by securing a license in Malaysia to launch the first stablecoin-based Islamic digital bank. This development is crucial as it represents a pioneering step in integrating modern financial technology with Islamic banking principles, potentially opening up new avenues for digital finance in the region. It highlights the growing acceptance of cryptocurrencies and stablecoins in traditional banking systems, which could lead to increased financial inclusion and innovation.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Circle plans native token for Arc blockchain as Q3 profit surges
PositiveCryptocurrency
Circle, a stablecoin issuer, has announced plans to introduce a native token for its Arc blockchain following a significant surge in profits for Q3 2025. The company is considering implementing stablecoin-denominated gas fees on the Arc platform, which reflects its commitment to enhancing user experience and operational efficiency. Additionally, Circle aims to transition towards distributed governance in the long term, indicating a shift towards a more decentralized approach in managing the blockchain. This development is significant as it highlights Circle's growth and innovation in the cryptocurrency space, potentially influencing the broader market dynamics.
Japan stablecoin issuers could fill central bank’s bond-buying gap: Report
PositiveCryptocurrency
Japan's first yen stablecoin issuer, JPYC, has reported that increasing demand for stablecoins could significantly influence the country's bond market. This development suggests that stablecoin reserves may emerge as a new force in Japan's financial landscape, potentially filling gaps left by the central bank's bond-buying activities. The positive sentiment surrounding this trend highlights the evolving role of cryptocurrencies in traditional finance, particularly in a market that is adapting to new financial instruments.
Bitcoin liquidity pattern signals ‘pivotal moment’ with $124K BTC target
PositiveCryptocurrency
A recent analysis indicates that the increasing supply of stablecoins reflects historical liquidity patterns that often precede significant rallies in Bitcoin's price. This has led to speculation that Bitcoin could reach a target price of $124,000 soon, marking a pivotal moment in the cryptocurrency market.
Coinbase ends $2B BVNK acquisition talks amid shifting stablecoin strategy
NegativeCryptocurrency
Coinbase has terminated its $2 billion acquisition talks with U.K.-based stablecoin startup BVNK, signaling a significant shift in its strategy regarding stablecoins. This decision comes as a surprise, given the potential impact the merger could have had on the stablecoin market. The collapse of these talks highlights the challenges and uncertainties facing major players in the cryptocurrency industry, particularly as they navigate evolving market dynamics and regulatory landscapes. The outcome may influence future developments in the stablecoin sector and reflects broader trends within the cryptocurrency ecosystem.
Transak expands stablecoin services with 5 new US state licenses
PositiveCryptocurrency
Transak has expanded its stablecoin services by obtaining licenses in five US states, enhancing its regulated fiat-to-crypto payment operations. This development is significant as it allows Transak to operate more broadly within the cryptocurrency market, providing users with increased access to stablecoin transactions in a regulated environment. The approval reflects a growing acceptance of cryptocurrency services and could pave the way for further expansion in the industry.