Malaysia’s King’s Son Launches RMJDT Stablecoin for APAC Trade

TLDR

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RMJDT stablecoin will be pegged to the Malaysian ringgit and backed by deposits and government bonds.
The stablecoin aims to enhance cross-border trade and attract foreign investments in the APAC region.
56% of APAC institutions have adopted stablecoins for payments, according to a Circle report.
Malaysia’s move aligns with the growing trend of stablecoin adoption across Asia-Pacific markets.

The eldest son of Malaysia’s king, Ismail Ibrahim, has introduced RMJDT, a new stablecoin pegged to the Malaysian ringgit. The digital currency is designed to streamline cross-border trade and foster foreign investment across the Asia-Pacific (APAC) region. The stablecoin will be backed by ringgit cash deposits and short-term local government bonds, offering a more secure and efficient transaction method.

RMJDT Stablecoin for Regional Trade and Investment

The RMJDT stablecoin will initially have a supply of 500 million tokens, equivalent to approximately $121.5 million. The coin aims to address the increasing demand for stable digital currencies for cross-border transactions in the APAC region. Ismail Ibrahim, owner of telecommunication firm Bullish Aim Sdn, emphasized that the stablecoin’s launch is a strategic step to boost Malaysia’s position in the growing blockchain ecosystem.

According to Ibrahim, RMJDT offers several advantages over traditional transaction methods. It is designed to be faster, safer, and more efficient, reducing friction in payments and cross-border settlements. The stablecoin’s backing with local government bonds and cash deposits aims to provide a stable and reliable value for investors and businesses in the region.

APAC Region Leads in Stablecoin Adoption

The Asia-Pacific region has become a global leader in stablecoin adoption, with over 56% of institutions in the area already using stablecoins for payments, treasury purposes, and settlements. Malaysia’s stablecoin initiative aligns with the region’s overall growth in blockchain and cryptocurrency technology.

A recent report by Circle revealed that stablecoin activity in the APAC region reached $2.4 trillion between June 2024 and June 2025. This significant growth demonstrates the demand for digital currencies that offer stability and liquidity in both regional and international trade.

The launch of RMJDT comes at a time when other APAC countries are also advancing their stablecoin and digital currency initiatives. Notably, Hong Kong introduced stablecoin regulations earlier in 2025, positioning itself as a hub for blockchain innovation in the region. Malaysia’s new stablecoin further strengthens the growing adoption of digital assets for cross-border business in the APAC market.

Strategic Move for Malaysia’s Blockchain Future

The introduction of RMJDT is part of Malaysia’s broader strategy to promote the use of blockchain technology. Bullish Aim Sdn, the company behind the stablecoin, is focused on supporting operational stability while deepening its alignment with the national blockchain agenda.

“We view the establishment of a Zetrix-token treasury as a strategic necessity,” said Ibrahim in an official statement. “This will not only support the operational stability of RMJDT but also strengthen the alignment with Malaysia’s blockchain vision.” The involvement of Zetrix, a blockchain network, highlights the company’s commitment to enhancing Malaysia’s digital infrastructure.

This initiative is expected to play a key role in enhancing Malaysia’s standing as a digital financial hub in the APAC region. By offering a locally backed stablecoin, Malaysia is positioning itself as a prominent player in the global blockchain economy.

Stablecoin Adoption Expands Globally

Stablecoins, pegged to traditional fiat currencies like the U.S. dollar or the Malaysian ringgit, have become increasingly popular for use in payments, investments, and cross-border trade. Their appeal lies in their ability to offer the stability of fiat currencies while benefiting from the speed and efficiency of blockchain technology.

The growing adoption of stablecoins across APAC is a clear indicator of the region’s drive toward digitalization. As traditional financial systems continue to evolve, digital currencies like RMJDT are likely to play a significant role in future payments and investment strategies across the region.

With Malaysia’s new stablecoin, the country hopes to capitalize on the expanding demand for secure and efficient cross-border payment systems, further cementing its position in the rapidly evolving blockchain landscape.