Malaysia’s king’s eldest son today unveiled a local currency-backed stablecoin designed for cross-border trade and attracting foreign investment spanning the Asia-Pacific region, according to an official statement. Ismail Ibrahim, owner of telecommunication firm Bullish Aim Sdn, is behind the rollout of the stablecoin called RMJDT, which is pegged to Malaysia’s ringgit. The stablecoin, which will initially have a total supply of 500 million tokens (approximately $121.5 million) will be backed by ringgit c ...