Malaysia’s crown prince of Johor has reportedly introduced a new ringgit-backed stablecoin to modernize payments across the country.
The initiative is one of the most high-profile crypto moves in Southeast Asia this year, amid rising interest in regulated blockchain-based financial tools.
The regent of Johor and eldest son of Malaysia’s current king, Ismail Ibrahim-owned Bullish Aim Sdn. revealed the RMJDT stablecoin this week. The token is pegged to the Malaysian ringgit.
Bullish Aim aims to build a stable, transparent payment asset tailored for everyday use within Malaysia.
RMJDT stablecoin is backed by cash deposits denominated in ringgit and short-term Malaysian government bonds, according to a recent report by Bloomberg.
The company’s managing director Lion Peh explained that RMJDT launch will empower businesses, consumers, and innovators with a faster, safer, and more efficient way to transact.
Bullish Aim will issue its new stablecoin on Zetrix, a blockchain developed by Malaysian firm Zetrix AI Bhd. The network supports the Malaysian Blockchain Infrastructure, a government-backed digital-services platform introduced in April.
As per the report, Bullish Aim also plans to establish a crypto treasury company, funded by an initial 500 million ringgit ($121 million) investment in Zetrix tokens.
Malaysia’s Crypto Landscape Evolves
The RMJDT stablecoin launch comes as Malaysia slowly shifts toward a more structured crypto environment.
Prime Minister Anwar Ibrahim has supported collaboration among regulators, including the Securities Commission and the central bank, to support healthy innovation in the sector.
However, the country faces challenges like illegal crypto mining operations. These activities have resulted in $1.1 billion in losses for the national electricity provider over the past five years. Authorities have recovered hundreds of millions in stolen electricity use since 2018.
Despite this, regulated crypto development is rising in Malaysia. The country is advancing its framework for asset tokenization and exploring stablecoin-based financial infrastructure.
As regulatory clarity improves, analysts estimate crypto user adoption to significantly grow in the near future.a
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We told you. When WLD was at $1.20, most ignored it. When it hit $1.80, they called it lucky. Now it’s above $2.00 — and this is just the beginning. 🔥 This Is What Early Looks Like We spotted: ✅ Strong structure forming ✅ Smart money loading ✅ Volume rising while Twitter slept Real traders saw it. Followers got in. Now the market’s finally catching up. 📈 What’s Next? If WLD holds above $2.00 — it opens the gates to: $2.40 zone (next liquidity pocket)$3.00 breakout zone if this pace holdsMajor FOMO wave if influencers jump on lateThis is the stage where most retail buys and most pros take profits.
We’re already in — and managing smart.
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$WLD is consolidating inside a symmetrical triangle on the daily chart Testing the lower boundary signals accumulation may be done A bounce here could push the price toward $2.80 soon
Lois Rushton
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Bullish
$WLD is consolidating inside a symmetrical triangle on the daily chart Testing the lower boundary signals accumulation may be done A bounce here could push the price toward $2.80 soon
Well, the increase of #WLD is due to the fact that I had to sell 400 WLD to upgrade some things (I hope the sarcasm is understood) But the truth is, after a whole year of waiting, an emergency presented itself to me, something told me Now Go Up 🤣 who doesn't experience this? The good thing is that my goal of 1000 WLD is still intact, I have exactly 1100 WLD, so I have the opportunity for good gains ❤️
President Donald J. Trump calls out Iran's Supreme Leader Ayatollah Ali Khamenei for claiming that Iran won the war against Israel, adding he "saved him from a very ugly and ignominious death.”
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“TRADING VS HOLDING: WHO HURTS MORE?” Trader: Buys 12 times. Loses 10. Holder: Held for 2 years. Sold before pump. 👇 Which one are you — and who cried more? #HolderRegrets #TraderFails #CryptoDrama
Exciting developments ahead in the ETF space! Nasdaq has filed with the SEC to list 21Shares’ SUI Spot ETF — potentially the first of its kind in the US market. If approved, it could mark a major milestone for SUI and open the doors for more altcoin ETFs. With just hours left in the countdown, all eyes are on the SEC's next move. Will this trigger a wave of new crypto ETF listings? Let’s see how the market reacts. #NasdaqETFUpdate
Master Crypto Trading Fundamentals and Unlock Binance Points! Successful trading starts with strong fundamentals. In this latest installment of our Deep-Dive series, we break down 10 essential concepts every crypto trader should understand. Whether you’re new to trading or looking to reinforce your knowledge, this series is your opportunity to enhance your trading knowledge, contribute to the community and earn Binance Points along the way!
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Activity Period: 2025-05-29 08:00:00 (UTC) to 2025-06-12 08:00:00 (UTC)
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You also need profits in your portfolio so SELL WLD and get profits also you in your portfolio because it still going down so this is best time to SELL it, so don't forget Sell WLD now.
We are here to win not to fight each other on my side i got this opportunity yes this is Great Opportunity for us.