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MYRC Overview
Circulating Supply
5.31M MYRC
MYRC News
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About MYRC
MYRC is a stablecoin pegged 1:1 to the Malaysian Ringgit, with reserves managed by BLOX and minting and redemption handled through the BLOX platform. It operates across multiple blockchains, including Arbitrum, Solana and Base. Intended uses include remittances, merchant payments, fiat on- and off-ramps and purpose-bound money, with audits described as taking place on both a monthly and quarterly basis.
MYRC is designed to represent MYR-denominated value on blockchain networks. The intended uses include:
- Remittances and transfers: Sending and receiving MYR value with lower fees and faster settlement compared with traditional transfer methods.
- Payments and commerce: Use in online and offline merchant payments, allowing pricing and settlement in MYR without exposure to volatility from non-pegged cryptoassets.
- Purpose-bound money: Tokens allocated for specific uses such as designated accounts or donations, where spending conditions can be enforced through code.
- Fiat on- and off-ramps: Minting MYRC from MYR and redeeming MYRC back to fiat through a BLOX account, supporting payments in both fiat and MYRC.
MYRC was introduced by BLOX Blockchain Sdn Bhd. The founders and core team include:
- Ethan Chung, Founder and Chief Executive Officer - Daenavan Thaiveegan, Chief Technology Officer - Ashwin Chockalingam, Founder and Chief Financial Officer - Joey Ng, Founder and Chief Product Officer
MYRC Markets
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MYRC Platforms
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