News Explorer — Malaysia Debuts RMJDT Stablecoin Pegged to the Ringgit

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Dec 9, 1:48 pm

Coindesk

Malaysia Debuts RMJDT Stablecoin Pegged to the Ringgit

The king's son in Malaysia introduced a stablecoin called RMJDT, pegged to the ringgit, for cross-border trade and foreign investment. The stablecoin, with an initial supply of 500 million tokens, will be backed by ringgit cash deposits and local government bonds.

The king's son in Malaysia introduced a stablecoin called RMJDT, pegged to the ringgit, for cross-border trade and foreign investment. The stablecoin, with an initial supply of 500 million tokens, will be backed by ringgit cash deposits and local government bonds.

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