Monfi Bank launches Monfi USD regulated stablecoin

Monfi Digital Bank Ltd., a licensed international digital bank based in Malaysia, launched Monfi USD (MUSD) on October 19, 2026, at the TOKEN2049 conference in Singapore. As a bank-issued US dollar stablecoin, MUSD reserves are held directly on the bank's balance sheet in segregated, unencumbered cash and cash equivalents. Powered by Estable, Hadron by Tether, Fireblocks, and Chainalysis, MUSD provides institutions with 1:1 par redemption for cross-border payments and asset settlement.

Monfi USD launch details

• ▪Headquartered in Malaysia, licensed digital bank Monfi Digital Bank Ltd. publicly launched a regulated, bank-issued US dollar stablecoin named Monfi USD (MUSD) at the TOKEN2049 conference in Singapore on October 19, 2026.
• ▪Monfi USD (MUSD) is initially available to institutions and qualified private clients who complete onboarding through Monfi Digital Bank Ltd.'s website, with secondary market exchange listings planned to follow.

Reserve backing and legal guarantees

• ▪Monfi USD (MUSD) is backed one-to-one by US dollar reserves held in a segregated account directly on Monfi Digital Bank Ltd.'s own balance sheet rather than through third-party custodians.
• ▪Monfi Digital Bank Ltd. reconciles Monfi USD (MUSD) reserves daily against circulating supply, publishes reserve reports quarterly, and subjects them to annual independent third-party verification.
• ▪Holders of Monfi USD (MUSD) have direct legal recourse to Monfi Digital Bank Ltd. for redemption at par value in US dollars.
• ▪Monfi Digital Bank Ltd. holds reserves for Monfi USD (MUSD) exclusively in US dollar cash and cash equivalents that are never leveraged, lent, or rehypothecated.

Technology and infrastructure partners

• ▪Fireblocks provides custody infrastructure and key management for Monfi USD (MUSD), while Chainalysis provides on-chain monitoring and sanctions screening.
• ▪Monfi USD (MUSD) is powered by technology from Estable and Hadron by Tether.

Monfi Digital Bank operations

• ▪Monfi Digital Bank Ltd. operates multi-currency accounts supporting US dollars, euros, British pounds, UAE dirhams, and Singapore dollars alongside digital asset trading.
• ▪Monfi Digital Bank Ltd. operates as a licensed international digital bank under supervision in Malaysia.