MYRC is a digital stablecoin developed by BLOX that is pegged 1-to-1 with the Malaysian Ringgit (MYR). It combines the advantages of blockchain technology with the stability of a fiat currency, providing a secure and reliable digital payment solution in Malaysia.

MYRC is fully backed by MYR fiat currency held in reserve. This means that for every MYRC token in circulation, an equivalent amount of MYR is securely stored to ensure the stability and redeemability of MYRC at any time.

Using MYRC offers several benefits. It provides a stable and reliable digital currency for everyday transactions, reducing the risks associated with price volatility. MYRC also enables fast and cost-effective cross-border payments, eliminating the need for traditional intermediaries and reducing transaction fees.

The primary way to obtain MYRC is by creating a free account with BLOX. Once you have signed up and completed the necessary verification process, you will have access to the BLOX platform, where you can securely mint, redeem and manage MYRC tokens.

Yes, one of the unique features of MYRC is its redeemability. As a holder of MYRC, you have the option to redeem your tokens for an equivalent amount of Malaysian Ringgit. BLOX provides a straightforward redemption process, allowing you to convert your MYRC back to MYR and withdraw it to your bank account, providing you with flexibility and liquidity.