Hey there, Malaysians and crypto enthusiasts! If youāre looking to jump into
#crypto now, thereās no better time than now to explore MYRC, Malaysiaās pioneering stablecoin platform. With MYRC, a stablecoin pegged 1:1 to the
#MalaysianRinggit MYR, you can easily buy USDT (Tether), a global stablecoin tied to the US dollar.
This updated guide for 2025 delves into the latest news, new features, and a step-by-step process to help you trade USDT with MYR like a pro. Letās break it down for everyoneāwhether youāre a newbie or a seasoned trader!
Why MYRC and USDT Are a Perfect Match
MYRC, launched by Blox, is Malaysiaās first stablecoin, fully backed by Malaysian Ringgit (MYR) held in licensed bank accounts and verified through third-party audits. It operates on the Ethereum and Arbitrum blockchains, blending the stability of the Ringgit with the speed and security of blockchain tech. USDT, on the other hand, is the worldās leading stablecoin, with a market cap exceeding $143 billion, making it a go-to for trading, DeFi, and cross-border payments.
Using MYRC to buy USDT lets Malaysians seamlessly transition from fiat to crypto without the volatility of coins like Bitcoin. Plus, with Bloxās user-friendly platform, you can convert MYRC back to MYR anytime, keeping your options open.
Recent posts on X show growing excitement about MYRCās potential, with Blox hinting at expanding beyond Ethereum Virtual Machine (EVM) chains, which could mean even more flexibility soon.
Latest News and Features for 2025
In 2025, the big news is the launch of a sleek mobile app for iOS and Android, allowing you to manage MYRC and trade USDT on the go with real-time MYR/USD rate tracking and instant transaction alerts. Blox also introduced zero-fee MYR deposits for transfers from major banks, such as Maybank and CIMB, saving you money from the start.
Theyāve leaned heavily into Arbitrum One, cutting gas fees by up to 90% compared to Ethereumās mainnet, so swapping MYRC for USDT on Uniswap V3 is faster and cheaper than ever. On the ground, Bloxās new merchant program has over 50 businesses in KL and Penang accepting MYRC payments, hinting at a future where you could buy nasi lemak with crypto.
With Malaysiaās crypto regulations tightening, Bloxās compliance with Bank Negara Malaysia and audited MYR reserves keeps it rock-solid. Market-wise, MYRCās trading volume on Uniswapās MYRC/USDT pair hit $7,390 in a single day in April 2025, and its $245K-$251K market cap shows growing buzz.
Posts on X even hint at potential expansion to non-EVM chains, which could open up new doors. These updates position Blox MYRC as a key player in Malaysiaās Web3 scene, especially as global stablecoin adoption is projected to reach a $1.6-$3.7 trillion market by 2030, according to Citigroup.
Step-by-Step Guide to Buying USDT with MYR
Ready to get started? Hereās how to buy USDT using Blox MYRC in 2025:
1. Create a Blox Account
Visit blox.my or download the Blox app to sign up for free. Youāll need to complete KYC verification with your IC or passport details to comply with Malaysian regulations. Itās quick, and the appās QR code scanner makes enabling multi-factor authentication (MFA) a breeze.
2. Deposit MYR
Transfer MYR to your Blox wallet via bank transfer to Bloxās licensed bank account. With the new zero-fee deposit feature, you wonāt lose a cent on the transfer. Supported banks include Maybank, CIMB, Public Bank, and more. Funds typically appear within hours.
3. Convert MYR to MYRC
In your Blox wallet, convert your MYR to MYRC at a 1:1 rateā1 MYR = 1 MYRC. The process is instant, and your MYRC tokens are ready for blockchain transactions. Bloxās transparency, with audited MYR reserves, ensures every token is backed.
4. Swap MYRC for USDT
Connect your Blox wallet to a decentralized exchange (DEX) like Uniswap V3 on
#ARBİTRUM One. Use the MYRC token address (0x3ed03e95dd894235090b3d4a49e0c3239edce59e) to select the MYRC/USDT trading pair.
Enter the amount of MYRC to swap, confirm the transaction (youāll need a small amount of ETH for gas fees), and voilĆ āUSDT is yours! The exchange rate is typically close to the MYR/USD rate (around 1 MYRC ā 0.225 USDT as of April 2025).
Quick tip: The Blox app now features a built-in wallet connect, so you can link to Uniswap without needing to juggle multiple apps.
5. Use or Store Your USDT
Your USDT is now ready for actionātrade it on global exchanges, use it for
#DeFi yield farming, or send it internationally with near-zero fees. To cash out, swap USDT back to MYRC on Uniswap, redeem MYRC for MYR on Blox, and withdraw to your bank account within 1-2 days.
Tips for Malaysians
Test the Waters: Start with a small deposit, like RM50, to get comfortable with the process. The appās tutorials are super helpful for beginners.Save on Fees: Arbitrumās low gas fees are a win, but always check Uniswapās fee structure before trading.
Stay Safe: Store your USDT in a secure wallet, such as MetaMask or a hardware wallet. Never share your private keys or 6-digit Blox code.
Track Rates: MYR/USD rates fluctuate, so use the Blox appās rate tracker to time your trades for the best value.
Why This Matters for Malaysia
Blox MYRC is more than a crypto platformāitās a step toward financial freedom for Malaysians. With the merchant program, you may soon be able to pay for your teh tarik with MYRC at a local mamak stall.
Globally, stablecoins like USDT are driving blockchain adoption. Thailand recently approved USDT for payments, and Citi predicts a āChatGPT momentā for blockchain in 2025.
For Malaysians, MYRC offers a local, regulated way to join this revolution, whether youāre a freelancer handling international gigs or a business looking to explore blockchain.
Final Thoughts
Buying USDT with MYR via Blox MYRC in 2025 is easier than ever, thanks to the new app, zero-fee deposits, and Arbitrumās low-cost transactions. Whether youāre hedging against currency fluctuations, diving into DeFi, or just curious about crypto, Blox makes it accessible and secure.
Sign up today, try the app, and join Malaysiaās Web3 movement. Got questions? Drop them below in the comments and follow me for more news.
Got questions about the project? Ping Bloxās support teamātheyāre super responsive!
Website: blox.my