Johor Crown Prince Launches Ringgit-Pegged Stablecoin RMJDT

Malaysian Crown Prince’s Bullish Aim Sdn Bhd launched RMJDT, a Ringgit-backed stablecoin on Zetrix blockchain, aiming to enhance cross-border payment efficiency in the Asia-Pacific region.

The introduction may bolster the global presence of the Malaysian Ringgit in cross-border transactions, potentially driving foreign direct investment into Malaysia’s digital economy.

RMJDT Launch Targets Ringgit’s Global Trade Expansion

Bullish Aim’s launch of the RMJDT stablecoin on Zetrix comes from Tunku Ismail, the Regent of Johor. The initiative also includes a Digital Asset Treasury with 500 million Ringgit in Zetrix tokens.

By introducing RMJDT, the stablecoin aims to bolster the international use of the Malaysian Ringgit in cross-border trades. This move is aligned with Malaysia’s Digital Asset National Policy.

“As the issuer of RMJDT, we view the establishment of a Zetrix‑token treasury as a strategic necessity – both to support operational stability and to deepen alignment with the national blockchain.” — Tunku Ismail Ibni Sultan Ibrahim, Regent of Johor.

Zetrix Fluctuations and RMJDT’s Strategic Implications

Did you know? RMJDT’s launch mirrors strategies like MicroStrategy’s with Bitcoin, signaling a broader acceptance of cryptocurrency-based treasuries in sovereign contexts.

Zetrix (ZETRIX) witnessed recent fluctuations with a current price of $12.71, while maintaining a zero circulating supply. Its fully diluted market cap stands at $26.83 billion, as recorded by CoinMarketCap.

Insights from the Coincu research team suggest that RMJDT could drive demand for Ringgit-backed assets in cross-border applications. This digital asset treasury model may offer enhanced regulatory resilience and technical integration within Malaysian digital infrastructure.