Members of the Malaysian royal family launch a stablecoin backed by the Malaysian ringgit

2025-12-09 19:17:43

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The eldest son of the King of Malaysia, Sultan Ibrahim Iskandar, Ismail Ibrahim, announced the launch of a stablecoin named RMJDT, which is pegged to the Malaysian Ringgit.

According to informed sources, this stablecoin will be backed by local currency cash deposits and short-term Malaysian government bonds.

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