Malaysian Ringgit Coin $MYRC

Malaysian Ringgit Coin (MYRC) is a unique stablecoin that is directly pegged to the Malaysian Ringgit (MYR). This digital asset, which is issued by BLOX, operates on the principle of 1:1 ratio. This means for every MYRC token in circulation, there's an equivalent amount of MYR held in reserve. The stability and credibility of this crypto project are ensured through regular audits by certified Malaysian accountants, as well as the monthly publication of attestation reports.

What is Malaysian Ringgit Coin?

MYRC is a stablecoin, a specific type of cryptocurrency that has its value pegged to a real-world asset—in this case, the Malaysian Ringgit. The main idea behind the creation of MYRC is to provide a stable digital asset that can be used for various purposes in the crypto world, shielded from the volatility commonly associated with other cryptocurrencies.

Who issues MYRC?

MYRC is issued by BLOX, a known entity in the crypto sphere. BLOX is responsible for maintaining the equivalent reserve of MYR for every MYRC in circulation, providing assurance for the token's value.

What ensures the credibility of MYRC?

The credibility and trustworthiness of MYRC are ensured through regular audits by certified Malaysian accountants. Additionally, BLOX provides complete transparency by regularly publishing monthly attestation reports on their website, further cementing the reliability of MYRC.