DRB-HICOM partners Geno to explore ringgit-backed stablecoin, boost blockchain adoption


PETALING JAYA: DRB-Hicom Bhd has signed a memorandum of collaboration (MoC) with Geno Group Ltd and its Malaysia subsidiary, Geno Edge (Malaysia) Sdn Bhd to accelerate enterprise blockchain adoption across DRB-HICOM’s businesses.

In a joint statement, the parties said the MoC is also for the joint exploration and potential launch of a Malaysian Ringgit-backed stablecoin, as well as related use-cases subject to applicable laws and regulatory approvals.

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DRB-HICOM , Geno , blockchain , stablecoin , tokenomics ,

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