MYRC is Malaysia’s first ringgit stablecoin, issued by BLOX and backed one-to-one by Malaysian ringgit. Designed to support the next generation of payments and finance, MYRC enables users to receive and make payouts in both fiat currency and digital tokens, helping them manage funds and conduct transactions across payment systems. It is available through the BLOX platform, where individuals can sign up for an account and mint MYRC.

BLOX provides solutions for fintech companies and institutions developing cross-border fiat and blockchain payment services, supported by a compliance framework and licensed stablecoin ecosystem. Its services address several audiences: exchanges can facilitate conversion between Malaysian ringgit and MYRC for customers to hold or trade on-chain; individuals can transfer funds, make cross-border transactions, and access decentralized finance and Web3 applications; and businesses can adopt blockchain technology without having to build blockchain-based products from scratch. BLOX also offers information and resources about MYRC, including details on transparency, a whitepaper, product terms, transaction fees, security, and policies.