{"id":91993,"date":"2025-12-09T17:35:11","date_gmt":"2025-12-09T14:35:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91993"},"modified":"2025-12-09T17:40:12","modified_gmt":"2025-12-09T14:40:12","slug":"malaysian-prince-announces-ringgit-backed-stablecoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/malaysian-prince-announces-ringgit-backed-stablecoin\/","title":{"rendered":"Malaysian Prince Announces Ringgit-Backed Stablecoin"},"content":{"rendered":"<p>Telecommunications firm Bullish Aim <a href=\"https:\/\/www.prnewswire.com\/news-releases\/the-regent-of-johor-launches-ringgit-backed-stablecoin-and-digital-asset-treasury-on-zetrix-302636408.html\">announced<\/a> the launch of the <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">RMJDT stablecoin<\/a>. The company is owned by the Crown Prince and current Regent of Johor, Tunku Ismail Idris.<\/p>\n<p>The asset will be pegged to the national currency, the ringgit. Issuance will occur on the Zetrix L1 blockchain. The network connects governmental and commercial entities to operate in the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-web3\">Web3<\/a> economy, with a focus on the Chinese market.<\/p>\n<p>Simultaneously, Bullish Aim will establish a digital treasury. They have allocated 500 million ringgit (approximately $121.5 million) for the purchase of native ZETRIX tokens. Future plans include doubling these reserves.<\/p>\n<p>The project will be launched within a regulatory sandbox under the supervision of the Securities Commission and the Central Bank of Malaysia. The initiative aims to test programmable payments and supply chain financing.<\/p>\n<p>The primary goal is to expand the use of the ringgit in cross-border transactions and attract foreign investment.<\/p>\n<p>The Regent of Johor described the creation of token reserves as a &#8220;strategic necessity.&#8221; He cited Michael Saylor&#8217;s Strategy as a model to emulate.<\/p>\n<p>Back in December, CoinShares&#8217; Head of Research James Butterfill <a href=\"https:\/\/forklog.com\/en\/news\/coinshares-the-imitation-strategy-boom-has-largely-ended\">stated<\/a> that the hype around corporate crypto treasuries is waning.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bullish Aim announced the launch of the RMJDT stablecoin. The firm is owned by the Crown Prince and current Regent of Johor, Tunku Ismail Idris.<\/p>\n","protected":false},"author":1,"featured_media":91994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bullish Aim announced the launch of the RMJDT stablecoin.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1539,807],"class_list":["post-91993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-malaysia","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"142","promo_type":"1","layout_type":"1","short_excerpt":"Bullish Aim announced the launch of the RMJDT stablecoin.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=91993"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91993\/revisions"}],"predecessor-version":[{"id":91995,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91993\/revisions\/91995"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/91994"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=91993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=91993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=91993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}