Project wey connect to Malaysia Crown Prince launch bullish RMJDT stablecoin wey pegged to ringgit and start RM500M Zetrix reserve
Bullish Aim, one telecom company wey dey linked to Johor Crown Prince Tunku Ismail Ibni Sultan Ibrahim, don launch RMJDT, na stablecoin wey pegged to Malaysian ringgit (MYR) and dem issue am for Zetrix Layer-1 blockchain. RMJDT go dey backed 1:1 by MYR cash deposits and short-term government bonds and e go operate inside Malaysia regulatory sandbox wey Securities Commission and Bank Negara dey oversee to test programmable payments and ringgit-backed stablecoins. To support issuance and network operations, Bullish Aim don also set up Digital Asset Treasury (DAT) wey dem initially fund with MYR 500 million (≈USD 121.5 million) in Zetrix tokens, and dem get plan to expand reserves to MYR 1 billion. DAT go stake Zetrix tokens to support up to 10% of Zetrix validator nodes and help stabilize RMJDT gas fees. Dem pitch the initiative to make cross-border trade settlement easier, attract foreign direct investment and align with Malaysia national digital asset policy. Market observers warn say excitement for corporate DATs don cool after market rebound and scrutiny of imitators; analysts dey stress the need for strong treasury management, transparent reserves and clear business fundamentals. Bullish Aim never respond to requests for comment at the time of reporting.
Neutral
Short-term price impact for Zetrix (di blockchain token) go likely neutral. Positive tins include big initial allocation (MYR 500M) to Zetrix tokens and staking wey fit support up to 10% of validator nodes, fit raise demand and on-chain utility for Zetrix. RMJDT issuance fit still create predictable transaction volume and gas fee use on Zetrix. But dem get risks wey fit reduce immediate bullish pressure: DAT dey hold native tokens instead of fiat reserves, this one expose backing credibility and fit attract regulatory scrutiny; market interest for corporate reserve strategies don cool down; and traders fit wait for audited reserve details and clear treasury rules before dem go bid tokens higher. For short term, expect modest buying interest for ZETRIX-related liquidity but limited price appreciation until transparency and operational metrics (backing audits, token lockups, staking terms) dem publish. Long term, if RMJDT gain adoption for cross-border trade and DAT manage well, Zetrix fit see sustained demand and network effects. On the other hand, if people doubt 1:1 backing or reserves misuse occur e go bearish. Overall, immediate impact neutral with conditional upside if execution transparent and credible.