Fasset has secured a provisional banking license from Malaysia’s regulators, paving the way for the launch of the world’s first stablecoin-powered Islamic digital bank. The initiative, launched within Malaysia’s Islamic fintech regulatory sandbox, promises to bring Shariah-compliant financial services to a wider market. Leveraging blockchain technology and stablecoins like USDT and USDC, Fasset aims to enhance digital banking offerings for users in an ethical and compliant manner. CEO Mohammad Raafi Hossain highlighted the importance of this milestone, stating that it represents both financial inclusion and ethical banking. This venture marks a significant step forward for Islamic fintech, potentially shaping the future of digital finance with the integration of blockchain and stablecoins.