MYRC is recorded in the asset registry as a Malaysian Ringgit-pegged token attributed to the issuer brand Blox, but no description of this token could be grounded in issuer disclosures, because no substantive page on the issuer domain blox.io could be retrieved [S1].

The asset registry metadata states each MYRC token is redeemable for one Malaysian Ringgit (MYR) and references reserves and collateral mechanisms, but the economic exposure cannot be confirmed against issuer disclosures. No reserve composition, custodian, attestation provider, yield mechanic, redemption rail, or fee schedule could be sourced, because issuer pages on blox.io were not retrievable [S1].

The issuer legal entity, jurisdiction of formation, applicable regulator or license regime, and the legal form of the tokenholder claim cannot be stated, because no legal, terms, or About page on blox.io could be fetched [S1]. During research the blox.io domain returned a persistent redirect that downgrades HTTPS to HTTP, which the fetch tooling would not follow, and the support.blox.io host failed DNS resolution [S1]. No retrievable page on blox.io evidences any stablecoin or tokenized asset issued by Blox, so eligibility restrictions, redemption rights, and custodial or security-interest arrangements protecting tokenholders cannot be documented [S1].

The token standard, supported blockchain networks, mint and burn mechanics, settlement timing, and any NAV or oracle publication mechanism cannot be stated, because no issuer product page, whitepaper, or technical documentation on the issuer domain blox.io could be retrieved at any point during research [S1].

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://blox.io/" },
  ]}
/>


Stablecoins

Blox provided non-custodial ETH 2.0 staking software via its CDT utility token; the platform has since been deprecated and migrated to the SSV Network decentralized validator protocol.

Blox is a Malaysian fintech company issuing MYRC, a Ringgit-pegged stablecoin backed 1:1 by fiat reserves held at licensed Malaysian financial institutions.

Blox (formerly CoinDash) was co-founded by Alon Muroch and Adam Efrima as a crypto portfolio management and Ethereum staking infrastructure provider.

website

twitter

Stablecoin issuers

Blox

Blox MYRC (MYRC) is a Malaysian Ringgit stablecoin issued by Blox through BLOX BLOCKCHAIN SDN. BHD.

Each token is a direct claim on the issuer.

Reserves are held in cash and other assets, attested monthly by Tommy Ung & Partners PLT.

Retail investors can mint and redeem directly with Blox in MYR after completing KYC.

BLOX BLOCKCHAIN SDN. BHD. is the issuing entity.

Holder terms are governed by the law of Malaysia.

MYRC has been issued on public blockchains since March 2024 and is native to Arbitrum One, Solana, and Base.

Blox MYRCMYRC

All metrics