MYRC (MYRC) stablecoin analytics
Answer First
What is MYRC?
MYRC is Blox's ringgit stablecoin backed 1:1 by MYR-denominated reserves at Malaysian financial institutions and gated to verified Malaysian residents. The static profile records its Malaysian Ringgit peg mechanism as: 1:1 mint and redemption against Malaysian Ringgit via Malaysian banking rails (FPX). Eligibility requires Malaysian eKYC (MyKad) and a linked Malaysian bank account; mint authority on each chain is restricted to a Blox-controlled key.
Is MYRC safe?
MYRC holds a B Safety Score grade (74/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says MYRC uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Attestation from Tommy Ung & Partners PLT; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
MYRC (MYRC) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Malaysian Ringgit.
AI summary / Updated Sep 7, 2026
MYRC is Malaysia's first ringgit stablecoin, issued by Blox and gated through MyKad eKYC to Malaysian residents with a linked local bank account, a deliberately small, deliberately domestic product with a float in the low millions of ringgit. This release moves it in two opposite directions at once.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- Malaysian ringgit cash deposits at undisclosed banks (66.68%) and Halogen Shariah MYR Liquid Fund (33.32%) in the August 2026 reserve examination; bank identities, provider concentration and legal account safeguards remain undisclosed
- Peg Mechanism
- 1:1 mint and redemption against Malaysian Ringgit via Malaysian banking rails (FPX). Eligibility requires Malaysian eKYC (MyKad) and a linked Malaysian bank account; mint authority on each chain is restricted to a Blox-controlled key.
- Jurisdiction
- Malaysia
- Proof Of Reserves
- Independent Attestation by Tommy Ung & Partners PLT Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety myrc-blox
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
MYRC quick answers
What is MYRC?
MYRC is Blox's ringgit stablecoin backed 1:1 by MYR-denominated reserves at Malaysian financial institutions and gated to verified Malaysian residents. The static profile records its Malaysian Ringgit peg mechanism as: 1:1 mint and redemption against Malaysian Ringgit via Malaysian banking rails (FPX). Eligibility requires Malaysian eKYC (MyKad) and a linked Malaysian bank account; mint authority on each chain is restricted to a Blox-controlled key.
Is MYRC safe?
MYRC holds a B Safety Score grade (74/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says MYRC uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Attestation from Tommy Ung & Partners PLT; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs MYRC?
Pharos classifies MYRC backing as Real-World Asset Backed. Collateral, per the static profile: Malaysian ringgit cash deposits at undisclosed banks (66.68%) and Halogen Shariah MYR Liquid Fund (33.32%) in the August 2026 reserve examination; bank identities, provider concentration and legal account safeguards remain undisclosed Reserve evidence: Independent Attestation from Tommy Ung & Partners PLT.
Can MYRC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for MYRC, when applicable, appear in the dossier below.
