According to CoinMeta, on October 24th, the Monetary Authority of Singapore announced an expansion of the bloom cross-border digital currency settlement program, with the Bank of Malaysia and the Bank of Thailand joining as members of the policy-making group. bloom covers regulated stablecoins and tokenized deposits, with participants including Mastercard, Visa, Nium, Ripple, Circle, Coinbase, Airwallex, Maybank, Monee, ShopeePay, and the World Bank Group. Visa and Nium have been testing a 7-day-a-week stablecoin settlement pilot since August 25th, and Ripple and ARF announced on October 22nd that they will provide settlement financing using the Ripple US dollar stablecoin RLUSD.