Big Moves in Asia-Pacific Crypto👑! The Malaysian Prince personally steps in, launching a Ringgit stablecoin aimed at cross-border payments!
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Family, take a look! The crypto circle welcomes a new player, and this time it’s directly from the "royal level"—the eldest son of the King of Malaysia and a member of the Johor royal family, personally getting into the stablecoin game! 🔥
According to the latest news from Cointelegraph, the prince's telecom company Bullish Aim officially announced the launch of the RMJDT stablecoin on Tuesday! Key point: this is a 1:1 pegged stablecoin to the Malaysian legal tender Ringgit, a genuine “fiat-backed” stablecoin, directly targeting the entire Asia-Pacific cross-border payment market, quite ambitious! 🎯
Here come the more detailed insights:
• Underlying blockchain: not using Ethereum or BSC, directly issued on Layer 1 public chain Zetrix, focusing on an independent ecosystem
• Initial funding bomb: not only issuing stablecoins but also establishing a “Digital Asset Treasury (DAT) company,” with an initial allocation of 500 million Ringgit (approximately 121.5 million USD) in Zetrix tokens (ZETRIX), this starting capital raises the bar high!
In fact, this move is quite clever—cross-border payments in Asia-Pacific have always been hindered by “high fees, slow processing, and complicated exchanges.” With RMJDT backed by the royal family and fiat endorsement, along with the Zetrix public chain, it aims to seize the traditional cross-border payment market! It's like giving the Ringgit a “digital passport” using crypto technology; in the future, cross-border transfers using the Ringgit in the Asia-Pacific region may go directly on-chain, fast and cost-effective～💸
However, the stablecoin sector has never lacked players. With USDT/USDC dominating the charts and various countries' central bank digital currencies (CBDC) gaining momentum, can Malaysia's royal-backed RMJDT break through the competition, relying on “royal credit + local fiat peg + targeting the Asia-Pacific niche market”? Do you think it will first capture the Southeast Asian market, or go straight for the entire Asia-Pacific? Let’s discuss in the comments～👇
