Derived from HashNews, Bullish Aim, a company initiated by Malaysia's Johor Crown Prince Ismail Ibrahim, has launched RMJDT, a stablecoin backed by Malaysian ringgit cash and short-term government bonds. The stablecoin is planned to be issued on the Zetrix blockchain, aiming to establish RMJDT as Malaysia's standard for crypto payments, enhancing transaction efficiency and security. Zetrix, a state-supported 'Malaysian Blockchain Infrastructure' platform, provides technical support. Bullish Aim also plans to invest 500 million ringgit to establish a digital asset vault and purchase Zetrix tokens.
Malaysia's Crown Prince Launches RMJDT Stablecoin to Promote Crypto Payments
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