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Johor's Regent launches RMJDT, a ringgit-backed stablecoin on Malaysia’s Zetrix blockchain to boost cross-border trade and investment.
Johor's Regent Tunku Ismail Ibni Sultan Ibrahim has launched RMJDT, a ringgit-backed stablecoin, on Malaysia’s Zetrix blockchain under a regulated sandbox.
The initiative, backed by a RM500 million digital asset treasury expandable to RM1 billion, aims to boost the ringgit’s use in cross-border trade and attract foreign investment.
The project supports Malaysia’s Digital Asset National Policy and enhances blockchain infrastructure with services like verifiable credentials and cross-border integration, particularly with China.
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El Regente de Johor lanza RMJDT, una moneda estable respaldada por ringgit en la cadena de bloques Zetrix de Malasia para impulsar el comercio e inversiones transfronterizas.