MYRC (MYRC) stablecoin analytics
MYRC is Blox's Malaysian ringgit stablecoin backed 1:1 by MYR at Maybank under UTMB trustee, eKYC-gated to Malaysian residents; issuer unlicensed by BNM.
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 May 15, 2026
First Malaysian ringgit stablecoin, 1:1 MYR at Maybank under UTMB trustee with monthly attestations; eKYC-gated to Malaysian residents, unlicensed by BNM/SC, tiny supply, single-bank single-jurisdiction concentration. MYRC is a Malaysian Ringgit-pegged stablecoin issued by Blox...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- Malaysian Ringgit cash deposits held in a ring-fenced bank account at Maybank (Malayan Banking Berhad) under the custody and trustee services of Universal Trustee (Malaysia) Bhd (UTMB)
- 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 Audit by Tommy Ung & Partners PLT Reserve source
Snippet Answer
Is MYRC safe?
Pharos does not mark MYRC as absolutely safe. Static metadata says MYRC uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit 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.
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 May 15, 2026.
MYRC quick answers
What is MYRC (MYRC)?
MYRC is Blox's Malaysian ringgit stablecoin backed 1:1 by MYR at Maybank under UTMB trustee, eKYC-gated to Malaysian residents; issuer unlicensed by BNM. 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.
What backs MYRC?
Pharos classifies MYRC backing as Real-World Asset Backed. Collateral, per the static profile: Malaysian Ringgit cash deposits held in a ring-fenced bank account at Maybank (Malayan Banking Berhad) under the custody and trustee services of Universal Trustee (Malaysia) Bhd (UTMB) Reserve evidence: Independent Audit 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.