The telecommunications company Bullish Aim, supported by the Crown Prince of Malaysia, has launched the ringgit stablecoin RMJDT, with an initial treasury asset allocation valued at 121.5 million USD

The Malaysian Crown Prince's telecom company Bullish Aim announced on Tuesday the launch of RMJDT, a stablecoin pegged to the Malaysian Ringgit, targeting the cross-border payment market in the Asia-Pacific region. RMJDT will be issued on the Layer 1 blockchain Zetrix.

Bullish Aim will establish a Digital Asset Treasury (DAT) company and allocate an initial treasury asset of 500 million Ringgit (approximately 121.5 million USD) in Zetrix (ZETRIX) tokens.