Malaysia’s Royal Unveils Ringgit-Backed Stablecoin for APAC Payments
NeutralCryptocurrency

- Malaysia's Royal has introduced a new stablecoin backed by the Ringgit, aimed at facilitating payments across the Asia-Pacific (APAC) region. This development marks a significant step in the country's efforts to integrate cryptocurrency into its financial ecosystem.
- The launch of a Ringgit-backed stablecoin is expected to enhance Malaysia's position in the cryptocurrency market, potentially attracting more businesses and investors to utilize digital currencies for transactions, thereby promoting economic growth and innovation in the region.
— via World Pulse Now AI Editorial System
