What is RMJDT – Malaysia Ringgit Stablecoin?

RMJDT is a type of digital money that represents the value of the Malaysian ringgit on the blockchain. It is called a stablecoin because it is designed to stay stable in price, unlike many cryptocurrencies that rise and fall quickly. 

RMJDT was created to help make digital payments easier, faster, and more reliable, especially for cross border transactions. The project also supports Malaysia’s goal to modernise its financial system while keeping strong rules and oversight in place.

The Story Behind RMJDT and Who Created It

RMJDT was introduced by Tunku Ismail Sultan Ibrahim, who is the son of Sultan Ibrahim Iskandar. The project is managed through Bullish Aim, a company linked to the telecom sector, with Lion Peh as the managing director. 

Instead of building a token only for traders, the team designed RMJDT as a tool that could be used by ordinary people, businesses, and government linked systems.

RMJDT is launched on the Zetrix blockchain. This blockchain is also part of the Malaysia Blockchain Infrastructure, which is a government backed platform created to support secure digital services. 

By using this type of official infrastructure, the project becomes more trustworthy for users who want to use blockchain without worrying too much about legal or technical risks.

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The launch of RMJDT is being supervised through a special testing environment created by Securities Commission Malaysia and Bank Negara Malaysia.

This controlled environment allows new financial technologies to be tested safely. It also ensures that RMJDT follows clear rules, making it more reliable than many unregulated crypto projects.

How RMJDT Works in Simple Terms

RMJDT works in a very straightforward way. For every RMJDT token that exists, there is real money or safe financial assets kept in reserve. These reserves include cash deposits in Malaysian ringgit and short term Malaysian government bonds. This system helps keep the value of RMJDT close to the real ringgit, which is why it is called a stablecoin.

The token runs on the Zetrix blockchain, which is like a digital ledger that records all transactions. This blockchain also supports smart features that allow payments to be automated. For example, money can be released automatically when goods arrive or when certain conditions are met. This makes RMJDT especially useful for businesses that rely on fast and accurate payments.

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Bullish Aim also created a Digital Asset Treasury Company to support the technical side of RMJDT. This company holds a large amount of Zetrix tokens to help keep transaction costs stable. The idea comes from corporate digital asset treasury models such as Strategy, which built strong digital reserves to support its long term crypto strategy.

By staking these tokens, the treasury helps maintain validator nodes on the Malaysia Blockchain Infrastructure. This strengthens the network, improves security, and keeps the system running smoothly without sudden spikes in transaction fees.

Why RMJDT Matters for Daily Use and Business

RMJDT is not only designed for crypto traders. It is meant to solve real problems in real life, especially in payments and trade. Traditional cross border payments usually take time, involve several banks, and include hidden fees. With RMJDT, payments can move digitally in a faster and more transparent way, helping businesses manage their cash flow more efficiently.

This stablecoin also supports Malaysia’s Digital Asset National Policy and follows a global movement towards tokenisation, where real world assets are represented on the blockchain. By doing this, Malaysia is creating new digital tools that make it easier to do business within Asia Pacific markets and beyond.

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Experts such as James Butterfill from CoinShares have said that the market is now more careful about digital asset treasury models. This shift encourages projects like RMJDT to focus on real utility rather than hype or short term price movements.

Even though RMJDT is still being tested in a regulatory sandbox, its design shows how stablecoins can be practical tools for everyday financial activities. It aims to make digital money easier to trust, easier to use, and easier to integrate with existing systems.

Conclusion

RMJDT is a ringgit backed stablecoin created to make digital payments and cross border transactions more practical and reliable. It is supported by real financial assets, built on a national blockchain, and tested under strict regulatory oversight. 

Instead of trying to replace traditional money, RMJDT is designed to work alongside it and improve how people and businesses move money in the digital world. As Malaysia continues to explore blockchain and digital finance, RMJDT stands out as an example of how stablecoins can be stable, useful, and safe.

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FAQ

What makes RMJDT different from other cryptocurrencies?

RMJDT is stable in value because it is backed by real money and government bonds.

Is RMJDT safe to use?

It is designed to be safer because it is tested under a regulated Malaysian sandbox framework.

Can individuals use RMJDT or only companies?

It is designed for both individuals and businesses.

Does RMJDT replace the Malaysian ringgit?

No, it is meant to complement the ringgit, not replace it.

What is the main benefit of RMJDT?

It helps make payments faster, more transparent, and more efficient.