🇲🇾 Malaysian royal to roll out a ringgit stablecoin
The eldest son of Malaysia’s king, Tunku Ismail, has unveiled a new ringgit-pegged stablecoin called RMJDT, aimed at making digital payments simpler and faster across the region.
RMJDT will be issued by Bullish Aim — a company chaired by Tunku Ismail — and the token will run on the Zetrix blockchain as part of Malaysia’s move to build regulated digital-asset infrastructure.
According to reports, the coin will be backed by cash reserves and Malaysian government bonds to keep its value stable, positioning RMJDT as a payment tool rather than a speculative token.
This launch links into Malaysia’s broader push to test real-world stablecoin use in a supervised sandbox — part of the Digital Asset Innovation Hub and other pilot programmes that let fintechs try programmable payments under regulatory
oversight.
What to watch next: adoption by local merchants, how liquidity and reserve audits are handled, and whether other APAC players accelerate similar fiat-pegged launches — all of which will shape whether ringgit stablecoins become a mainstream payment option.
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