Dubai Fasset Gets Malaysia Banking License to Launch Shariah-Compliant Stablecoin Bank – A First Globally

Dubai and Jakarta-based Fasset has received a provisional banking license from Malaysia to operate the world's first stablecoin-powered Islamic digital bank, offering Shariah-compliant savings, zero-interest accounts, and investment services using stablecoins and tokenized assets as the company processes over $6 billion in annualized transaction volume across 125 countries.