blox

Malaysia is getting its own stablecoin play. 🇲🇾👀

BLOX has just completed a $1M seed round, led by Kivo Technology, with the new funding focused on developing MYRC—a stablecoin backed by the Malaysian Ringgit (MYR).

BLOX has also joined a proof-of-concept program on blockchain payments in Malaysia, testing scenarios for domestic payments using MYRC.

BLOX: “We have a ringgit stablecoin.”
Crypto: “Another stablecoin?”
Malaysia: “This one is mine.” 💀

Notably, stablecoins are gradually shifting from the trading narrative to payment infrastructure at the national level.

Guys, do you think a local stablecoin like MYRC has a chance to become a real payment rail, or will USD stablecoins continue to dominate?

#MYRO #BLOX

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