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TechFlow news, December 9 — According to Bloomberg, Ismail Ibrahim, the eldest son of Malaysia's King Sultan Ibrahim Iskandar, announced the launch of a stablecoin named RMJDT pegged to the Malaysian ringgit. The stablecoin will be backed by local currency cash deposits and short-term Malaysian government bonds, according to people familiar with the matter.
According to Bloomberg, Ismail Ibrahim, the eldest son of Malaysia's King Sultan Ibrahim Iskandar, has announced the launch of a stablecoin called RMJDT, pegged to the Malaysian ringgit. The stablecoin will be backed by local currency cash deposits and short-term Malaysian government bonds, according to people familiar with the matter.
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