Malaysia's making moves in the stablecoin space. The eldest son of the Malaysian king is rolling out RMJDT—a ringgit-pegged stablecoin backed by actual cash reserves and government bonds. This isn't some random DeFi experiment. We're talking sovereign-level backing here, which could reshape how Southeast Asian nations approach digital currency infrastructure. The combination of royal endorsement and state treasury support sets this apart from typical private stablecoin ventures. Worth watching how this plays out in a region increasingly hungry for blockchain-based financial rails.