MultiversX Tracker is Live!

Malaysia’s crown prince launches ringgit stablecoin, Zetrix treasury

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 3 Views

Malaysia’s crown prince launched a stablecoin on Zetrix and a $121 million digital asset treasury modeled after MicroStrategy, despite sector bubble fears.

The eldest son of Malaysia’s billionaire king is launching a stablecoin pegged to the national currency, targeting payments across the Asia-Pacific region.

Bullish Aim, a telecom company owned by Ismail Ibrahim, the son of Sultan Ibrahim Iskandar of the Johor royal family, on Tuesday announced the launch of RMJDT, a new stablecoin backed by the Malaysian ringgit, the country’s fiat currency.

The stablecoin is set to be issued on Zetrix, a layer-1 blockchain designed to connect governments, businesses and individuals to the Web3 economy with a focus on cross-border integration, particularly in China.

Read more


Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments