The Regent of Johor, Tunku Ismail Ibni Sultan Ibrahim, has officially launched RMJDT, a Ringgit-backed stablecoin, on the Zetrix blockchain. This initiative, announced by Bullish Aim Sdn. Bhd., aims to support Malaysia’s national Malaysia Blockchain Infrastructure (MBI).
The RMJDT stablecoin is designed to provide a secure and stable digital currency option, backed by the Malaysian Ringgit, enhancing the country’s digital asset ecosystem. The launch marks a significant step in integrating blockchain technology into Malaysia’s financial infrastructure, offering new opportunities for digital transactions.
Zetrix, developed by Zetrix AI Berhad, formerly known as MY E.G. Services Berhad, serves as the platform for this new digital currency. The blockchain’s Layer-1 technology ensures robust security and efficiency, making it an ideal choice for the stablecoin’s deployment.
The introduction of RMJDT is expected to facilitate smoother and more reliable digital transactions within Malaysia, potentially attracting more users to the digital finance space. By leveraging blockchain technology, the stablecoin aims to provide a seamless experience for users, promoting wider adoption of digital currencies in the region.
As Malaysia continues to embrace digital transformation, the RMJDT stablecoin represents a forward-thinking approach to integrating traditional financial systems with cutting-edge technology. The initiative underscores the country’s commitment to advancing its digital economy and positioning itself as a leader in blockchain innovation.
