Malaysia's New Stablecoin Designed for Asia-Pacific

Stablecoin Supported by the Ringgit from Malaysia

Malaysia's crown prince has launched the RMJDT, a stablecoin backed by the Ringgit. This new digital asset aims to enhance cross-border trade in the Asia-Pacific region and attract foreign investments.

The RMJDT was introduced with an initial supply of 500 million tokens. This stablecoin is backed by ringgit cash reserves and short-term local government bonds.

The Asia-Pacific region stands out as the fastest-growing area in the stablecoin market. In this region, 56% of institutions use stablecoins for payments and treasury operations.