Fasset Launches First Stablecoin-Powered Islamic Digital Bank in Malaysia

Fasset has secured approval from Malaysian authorities to launch the first stablecoin-powered Islamic digital bank, marking a significant milestone in integrating blockchain technology with Islamic finance. This initiative aims to enhance financial inclusion in underserved markets across Asia and Africa, showcasing the potential of digital currencies in transforming traditional banking practices. The move sets a precedent for innovation in the Islamic banking sector.