BLOX is a stablecoin issuer in Malaysia, specializing in the issuance of MYRC, a fiat-backed stablecoin that is 1:1 anchored to the Malaysian Ringgit (MYR). The project aims to build an on-chain settlement infrastructure for local currency in Malaysia, connecting traditional finance with blockchain, supporting scenarios such as payments, cross-border settlements, salary distribution, and merchant payments, and reducing dependence on USD-based stablecoins.