According to Cointelegraph, via COINOTAG News on December 9, a member of the Johor royal circle is advancing a stablecoin pegged to the Malaysian Ringgit to support cross-border payments in the APAC region. The RMJDT project would run on a Layer 1 blockchain, Zetrix, and is described as fiat-backed. The venture, led by a Bullish Aim initiative associated with royal interests, signals a strategic foray into the expanding digital assets space.

Bullish Aim also plans to establish a Digital Asset Treasury (DAT) and allocate 5 billion Malaysian Ringgit (~$1.2 billion) in ZETRIX tokens as the initial treasury asset. The move supports liquidity and custody rails while aligning with Malaysia’s evolving regulatory framework for digital assets in the APAC market.