The Johor royal family's affiliated organization in Malaysia has launched the Malaysian Ringgit stablecoin RMJDT, aiming to set the local cryptocurrency payment standard.

The Malaysian cryptocurrency sector has seen significant movement with the official launch of the RMJDT stablecoin, pegged to the Malaysian Ringgit, by Bullish Aim, a company under Johor royal member Ismail Ibrahim. This marks a crucial step for the country in the compliant virtual asset space.

According to reports, RMJDT uses a full collateral model of 'Malaysian Ringgit cash + Malaysian short-term government bonds,' aimed at ensuring currency stability through strong backing of underlying assets. This stablecoin will be issued on the Zetrix chain, featuring decentralized and traceable characteristics in its technical architecture. It plans to become the core standard for local cryptocurrency payments in Malaysia, covering diverse scenarios such as e-commerce transactions and cross-border settlements.

The launch of RMJDT resonates with Malaysia's recent positive attitude towards virtual assets. Previously, Prime Minister Anwar has publicly expressed the hope to promote 'responsible innovation' in the virtual asset sector, releasing the empowering value of blockchain technology for the digital economy while preventing financial risks. The warming policy trend provides a favorable environment for local institutions to engage in the cryptocurrency space.

Bullish Aim has high hopes for the development of RMJDT and has announced an investment of 500 million Malaysian Ringgit (approximately 121 million USD) to establish a digital asset treasury, initially focusing on investing in Zetrix tokens, forming a collaborative layout of 'stablecoin + public chain tokens.' This move not only provides financial support for the ecological construction of RMJDT but also highlights confidence in the prospects of Zetrix chain technology.

Industry analysts believe that the launch of RMJDT may drive the standardized development of Malaysia's virtual asset market. If it can achieve widespread implementation in payment scenarios, it is expected to become a typical case of compliant stablecoins in Southeast Asia. However, whether it can overcome challenges such as cultivating user habits and inter-agency collaboration in the future still requires continuous observation. #加密市场观察 $BTC$ETH