# Proposal to add TerraMYR Ringgit & TerraTWD and Restore TerraNOK stablecoin **URL:** \ **Category:** Governance & Proposals\ **Created:** [January 2, 2022, 1:50pm UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432 "2022-01-02T13:50:22Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![smoltiger](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/smoltiger/32/1769_2.png) [@smoltiger](https://classic-agora.terra.money/u/smoltiger)\ **Post date:** [January 2, 2022, 1:50pm UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/1 "2022-01-02T13:50:23Z")
**Parameter-change Proposal** : Add Ringgit stablecoin TerraMYR to the Terra ecosystem following the passing of [Prop 169](https://station.terra.money/proposal/169). Together with this proposal, we are adding back TerraNOK (which was acccidentally removed previously) together with TerraTWD (passed but wasn’t executed). **Update: Proposal 176 has passed** : [https://station.terra.money/proposal/176](https://station.terra.money/proposal/176) **Parameter:** > { > > “subspace”: “oracle”, > > “key”: “whitelist”, > > “value”: “[ > {“name”:“ukrw”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“usdr”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“uusd”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“umnt”,“tobin\_tax”:“0.020000000000000000”}, > {“name”:“ueur”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“ucny”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“ujpy”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“ugbp”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“uinr”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“ucad”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“uchf”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“uhkd”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“usgd”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“uaud”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“uthb”,“tobin\_tax”:“0.007500000000000000”}, > {“name”:“usek”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“udkk”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“unok”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“uidr”,“tobin\_tax”:“0.007500000000000000”}, > {“name”:“uphp”,“tobin\_tax”:“0.007500000000000000”}, > {“name”:“umyr”,“tobin\_tax”:“0.003500000000000000”}, > {“name”:“utwd”,“tobin\_tax”:“0.003500000000000000”}, > ]” > } **Rationale** The crypto community in Malaysia is clamouring for a decentralised and censorship-resistant stablecoin denominated in our local currency. MYR is a **top 30 fiat by market capitalisation** (currently #23, 1 spot behind IDR and 8 spots above PHP). Seeing as the major economies (Singapore, Thailand, Indonesia, Philippines) in Southeast Asia already have their Terra counterparts, it is apt for Malaysia to have an MYT as well. Malaysia is Southeast Asia’s 6th largest economy by GDP, and is one of the most open economies in the world according to the World Bank. ([Overview: Development news, research, data | World Bank](https://www.worldbank.org/en/country/malaysia/overview#1)) Crypto adoption ranks 2nd in the world according to the Finder Cryptocurrency Adoption Index. ([Nigeria Crypto Adoption Rate Hits 24%, Followed by Malaysia and Australia - BeInCrypto](https://beincrypto.com/nigeria-crypto-adoption-rate-malaysia-australia/)) Having a Malaysian Terra stablecoin will allow greater participation and adoption from one of the most vibrant crypto communities in the region. - Provides a direct onboarding experience to crypto and defi for millions of new users - Allows more dapps use cases for international trade settlement for different Terra stablecoins from neighbouring countries **Chronology of Events** **Update 10/1/2022** : Proposal 169 has been passed, following this, we will enact another parameter-change proposal to execute the decision on-chain. The proposed parameter change will include adding TerraNOK (Norwegian Krone) [1] as we noticed that it was removed from a previous proposal when adding TerraIDR and TerraPHP (Proposal 108) [2]. **Update 11/1/2022** : We have decided to add TerraTWD as it was passed previously as text proposal but there was no follow-up parameter-change proposal to execute the decision. **Update 12/1/2022** : Proposal 176 goes live for voting **Update 19/1/2022** : Proposal has passed! **References:** [1] [TerraNOK proposal](https://station.terra.money/proposal/83) [2] [TerraIDR & TerraPHP proposal](https://station.terra.money/proposal/108) [3] [TerraTWD proposal](https://station.terra.money/proposal/92) [4] [TerraMYR proposal](https://station.terra.money/proposal/176) ---
**Author:** ![SebasChin](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/sebaschin/32/1738_2.png) [@SebasChin](https://classic-agora.terra.money/u/SebasChin)\ **Post date:** [January 2, 2022, 1:53pm UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/2 "2022-01-02T13:53:33Z")
good initiative ---
**Author:** ![Ian](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/ian/32/1740_2.png) [@Ian](https://classic-agora.terra.money/u/Ian)\ **Post date:** [January 2, 2022, 2:07pm UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/3 "2022-01-02T14:07:17Z")
Great initiative ser. With Vertex launching soon, MYT should definitely be up for listing. ---
**Author:** ![Ganny](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/ganny/32/1741_2.png) [@Ganny](https://classic-agora.terra.money/u/Ganny)\ **Post date:** [January 2, 2022, 2:17pm UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/4 "2022-01-02T14:17:21Z")
Better late than never! ---
**Author:** ![bulan](https://avatars.discourse-cdn.com/v4/letter/b/4da419/32.png) [@bulan](https://classic-agora.terra.money/u/bulan)\ **Post date:** [January 2, 2022, 3:08pm UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/5 "2022-01-02T15:08:08Z")
I wish I could add more context to this proposal, but everything that I could think of, are already better expressed in the proposal. There are a lot of cryptocurrency users in Malaysia, so definitely make sense to have it on Terra ---
**Author:** ![Dandy\_Lau](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/dandy_lau/32/293_2.png) [@Dandy\_Lau](https://classic-agora.terra.money/u/Dandy_Lau)\ **Post date:** [January 2, 2022, 3:27pm UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/6 "2022-01-02T15:27:06Z")
Crypto community in Malaysia is big, having this would be great to drive more awareness and adoption of Terra ecosystem and usage of TeFi dApps. More terra stablecoins should be added for better on-chain FX too in future. ---
**Author:** ![zafrieyl](https://avatars.discourse-cdn.com/v4/letter/z/73ab20/32.png) [@zafrieyl](https://classic-agora.terra.money/u/zafrieyl)\ **Post date:** [January 3, 2022, 6:20am UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/7 "2022-01-03T06:20:07Z")
Great initiative! ---
**Author:** ![Svarnadvipa](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/svarnadvipa/32/1755_2.png) [@Svarnadvipa](https://classic-agora.terra.money/u/Svarnadvipa)\ **Post date:** [January 3, 2022, 8:51am UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/8 "2022-01-03T08:51:25Z")
Great initiative. Would love to see all top currencies added to the Terra ecosystem. ---
**Author:** ![dreamers1016](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/dreamers1016/32/1760_2.png) [@dreamers1016](https://classic-agora.terra.money/u/dreamers1016)\ **Post date:** [January 3, 2022, 1:16pm UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/9 "2022-01-03T13:16:09Z")
would love to see this being implemented! ---
**Author:** ![texdisini](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/texdisini/32/1767_2.png) [@texdisini](https://classic-agora.terra.money/u/texdisini)\ **Post date:** [January 3, 2022, 11:47pm UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/10 "2022-01-03T23:47:30Z")
Great proposal for vote ---
**Author:** ![ancientgeometry](https://avatars.discourse-cdn.com/v4/letter/a/ce73a5/32.png) [@ancientgeometry](https://classic-agora.terra.money/u/ancientgeometry)\ **Post date:** [January 4, 2022, 4:23am UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/11 "2022-01-04T04:23:02Z")
Amazing to see all the LUNATICs in Malaysia coming together! Would be historic to get MYT 🙂 lets get it guys, WAGMI! ---
**Author:** ![iman\_sanei](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/iman_sanei/32/1774_2.png) [@iman\_sanei](https://classic-agora.terra.money/u/iman_sanei)\ **Post date:** [January 4, 2022, 8:08am UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/12 "2022-01-04T08:08:15Z")
This is great! All of for this. ---
**Author:** ![smoltiger](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/smoltiger/32/1769_2.png) [@smoltiger](https://classic-agora.terra.money/u/smoltiger)\ **Post date:** [January 4, 2022, 8:29am UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/13 "2022-01-04T08:29:45Z")
We just realised that a parameter\_change proposal should have been used instead of text proposal. However, this was noted too late as the governance process has started and gone live. Is it possible to change the proposal type halfway through voting? I know it’s kinda impossible, just wanted to reach out to community members here. [@admins](https://classic-agora.terra.money/groups/admins) @shhong (tagging you because I saw you commented on the proposal for listing NOK) ---
**Author:** ![BILZA](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/bilza/32/1776_2.png) [@BILZA](https://classic-agora.terra.money/u/BILZA)\ **Post date:** [January 4, 2022, 9:52am UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/14 "2022-01-04T09:52:44Z")
Im all down for this MYRT. FINALLY!! ---
**Author:** ![lindongfafa](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/lindongfafa/32/1777_2.png) [@lindongfafa](https://classic-agora.terra.money/u/lindongfafa)\ **Post date:** [January 4, 2022, 11:08am UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/15 "2022-01-04T11:08:08Z")
Yes, I agree. Great initiative ---
**Author:** ![Dandy\_Lau](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/dandy_lau/32/293_2.png) [@Dandy\_Lau](https://classic-agora.terra.money/u/Dandy_Lau)\ **Post date:** [January 4, 2022, 2:14pm UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/16 "2022-01-04T14:14:39Z")
[https://station.terra.money/proposal/169](https://station.terra.money/proposal/169) Proposal is now live for voting. Appreciate your support to vote Yes. ---
**Author:** ![Matthias\_Leong](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/matthias_leong/32/1836_2.png) [@Matthias\_Leong](https://classic-agora.terra.money/u/Matthias_Leong)\ **Post date:** [January 10, 2022, 7:51am UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/17 "2022-01-10T07:51:43Z")
Heavily Support! ---
**Author:** ![Garegaupa](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/garegaupa/32/1840_2.png) [@Garegaupa](https://classic-agora.terra.money/u/Garegaupa)\ **Post date:** [January 10, 2022, 10:52am UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/18 "2022-01-10T10:52:14Z")
> [@smoltiger](#): > > **EDIT 10/1/2021** : Proposal 169 looks set to pass, following this, we will enact another parameter-change proposal to execute the decision on-chain. The proposed parameter change will include adding TerraNOK (Norwegian Krone)[1] as we noticed that it was removed from a previous proposal when adding TerraIDR and TerraPHP (Proposal 108). This is great news! 😃 I’ve been waiting for TerraNOK for quite a while! Thanks a lot! 👍 ---
**Author:** ![kimsy99](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/kimsy99/32/1842_2.png) [@kimsy99](https://classic-agora.terra.money/u/kimsy99)\ **Post date:** [January 10, 2022, 2:51pm UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/19 "2022-01-10T14:51:00Z")
Great initiative!! ---
**Author:** ![smoltiger](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/smoltiger/32/1769_2.png) [@smoltiger](https://classic-agora.terra.money/u/smoltiger)\ **Post date:** [January 12, 2022, 12:55am UTC](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432/20 "2022-01-12T00:55:05Z")
Voting for paramater change is now live: [https://station.terra.money/proposal/176](https://station.terra.money/proposal/176) To recap: - Adding TerraMYR - Adding TerraTWD - Restoring TerraNOK [Next page](https://classic-agora.terra.money/t/proposal-to-add-terramyr-ringgit-terratwd-and-restore-terranok-stablecoin/3432.md?page=2)