Johor Crown Prince Introduces RMJDT, a Stablecoin Pegged to the Ringgit
Launch of RMJDT: Bullish Aim, led by the Malaysian Crown Prince, has introduced RMJDT, a stablecoin pegged to the Malaysian Ringgit, aimed at enhancing cross-border payment efficiency in the Asia-Pacific region.
Strategic Treasury Initiative: The initiative includes a Digital Asset Treasury with 500 million Ringgit in Zetrix tokens, supporting operational stability and aligning with Malaysia's Digital Asset National Policy.
Global Trade Expansion: RMJDT is designed to increase the international use of the Malaysian Ringgit in cross-border transactions, potentially boosting foreign direct investment into Malaysia's digital economy.
Market Implications: Insights suggest that RMJDT could drive demand for Ringgit-backed assets, offering enhanced regulatory resilience and technical integration within Malaysia's digital infrastructure.
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