Johor Regent Introduces RMJDT, a Ringgit-Backed Stablecoin on Zetrix
Launch of RMJDT: Bullish Aim Sdn. Bhd. has launched RMJDT, a Ringgit-backed stablecoin on the Zetrix blockchain, marking a significant step towards regulated digital currency adoption in Malaysia.
International Trade and Investment: RMJDT aims to enhance the international use of the Malaysian Ringgit for cross-border trade and position Malaysia as a competitive destination for foreign direct investment.
Establishment of DATCO: A Digital Asset Treasury Company (DATCO) will be created with an initial treasury of RM500 million in Zetrix tokens to stabilize transaction fees and support the blockchain infrastructure.
Commitment to Digital Innovation: The initiative reflects Johor's commitment to advancing digital innovation and ensuring compliance and transparency within Malaysia's blockchain ecosystem.
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