After several cryptocurrency projects that have been shown before, Malaysia now has another new cryptocurrency called RMJDT through the company Bullish Aim Sdn Bhd chaired by the Tengku Mahkota of Johor, Tunku Ismail Ibni Sultan Ibrahim.
RMJDT, is a stablecoin pegged to the value of the Malaysian Ringgit fiat currency and produced through a core Layer-1 blockchain by Zetrix, a digital technology company that supports the national Malaysian Blockchain Infrastructure (MBI).
According to a statement issued by Zetrix, the RMJDT cryptocurrency was developed to strengthen the use of the Malaysian Ringgit internationally in cross-border trade settlements and will act as a catalyst to attract increased foreign investment to Malaysia.
In the meantime, Bullish Aim will also develop a digital asset treasury company (Digital Asset Treasury Company @ DATCO) with Zetrix Token cryptocurrency assets worth RM500 million which is expected to be increased to RM1 billion. This DATCO asset is expected to help stabilize stable GAS fees for verification of the use of the RMJDT blockchain.
