@blox_malaysia
BLOX is issuing $MYRC, a 1:1 Malaysian Ringgit (MYR) stablecoin with audited reserves and KYC/AML compliance. The project recently raised $1M in seed funding and reports 33x transaction volume growth over 12 months. MYRC is live on Base mainnet and has been operational for approximately three years, focusing on local currency settlement infrastructure in Southeast Asia.
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BLOX is issuing $MYRC, a 1:1 Malaysian Ringgit (MYR) stablecoin with audited reserves and KYC/AML compliance.
The project recently raised $1M in seed funding and reports 33x transaction volume growth over 12 months.
MYRC is live on Base mainnet and has been operational for approximately three years, focusing on local currency settlement infrastructure in Southeast Asia.
Green flags: Raised $1M seed funding with 33x transaction volume growth over 12 months · Live on Base mainnet with working product (3 years operational) · Regular third-party reserve audits published (May/June 2026 attestation available) · Clear regulatory compliance focus (KYC/AML) and legitimate team presence at industry events · Small footprint (<3k followers, account ~1.5 years old) but real traction and substance
Red flags: Malaysia-specific stablecoin limits addressable market compared to USD stablecoins · Anonymous co-founders mentioned by first name only in public communications · Tier B scout with moderate track record (55/100)
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