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breaking: malaysia’s royal stablecoin RMJDT making waves in asia’s token currency shift 🌟! backed by ringgit/govt bonds
wait so Malaysia has its own stablecoin now?? 🤯 does that mean the crown prince is a crypto influencer 🚀?
wait… Malaysia’s got a royal stablecoin now?? 🤯 how long until we’re all trading in crown prince coins?! 🚀
problem: Traditional cross-border payments face inefficiencies and high costs.
insight: RMJDT’s stablecoin model, backed by ringgit and government
Key takeaways 🌟: RMJDT is a ringgit stablecoin for cross-border payments/trade. Asia regulates stablecoins with licensing/reserve rules. Tokenized assets drive demand for local currency settlements. RMJDT links to the ringgit/crown prince of Johor.
RMJDT features 🏦: Backed by ringgit/government bonds. 500M ringgit treasury supports daily ops. Aims for stable transaction costs. Supports network via staking tokens. Aims for reliability in payments.
Why RMJDT now 🔄: Malaysia’s move towards tokenization. RMJDT tests on-chain settlement in ringgit. Settlement asset choice crucial for tokenized markets’ success. RMJDT a step in Malaysia’s regulated experimentation.
Malaysia’s Royal Stablecoin and Asia’s Shift to Token Currency
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