YouApp guide
A stablecoin wallet for Malaysiayou can actually spend
The short answer
YouApp gives you a non-custodial stablecoin wallet in Malaysia, powered by Privy, a Stripe company, so YouApp never holds or touches your wallet funds or stablecoins. Top up with ERC-20 stablecoins on Ethereum mainnet, by DuitNow transfer or by card, then scan any DuitNow QR and pay in ringgit at Malaysian merchants.
What does a non-custodial crypto wallet mean?
Non-custodial means the app is not holding your money. Your YouApp wallet is powered by Privy, a Stripe company, and YouApp never holds or touches your YouApp wallet funds or stablecoins.
Conversion is powered by Sera, a non-custodial settlement protocol, and every payment, conversion and settlement is provided by licensed parties. YouApp is not a bank and does not issue e-money.
What can the wallet hold?
ERC-20 stablecoins on Ethereum mainnet: MYRT, XSGD, JPYC, IDRT and USD stablecoins. Ethereum mainnet is the only network YouApp accepts.
Your spendable balance is shown in MYRT, the Malaysia Ringgit Stablecoin, which is minted and redeemed 1:1 for ringgit with its reserve held at a licensed Shariah-compliant fund. One MYRT is one ringgit, so there is no mental arithmetic at the counter.
How do I put money in?
Three ways, and you can mix them. Crypto is optional.
| Method | What you send | Good to know |
|---|---|---|
| ERC-20 stablecoins | MYRT, XSGD, JPYC, IDRT and USD stablecoins | Ethereum mainnet only. Other networks cannot be recovered |
| DuitNow transfer | Ringgit from your bank | No crypto involved. FPX is not supported |
| Debit or credit card | Ringgit | Card processing as low as 2.5% |
Whichever route you take, the result lands in the same wallet as MYRT once the conversion completes. YouApp never holds it for you.
Can I spend it at Malaysian merchants?
Yes. Scan any DuitNow QR and pay in ringgit at more than three million merchant touchpoints across Malaysia.
- Kopitiams, hawker stalls, night markets and cafes
- Pharmacies, petrol stations and mall chains
- Bills and mobile reloads inside the app
- Local hosts, guides and activities you book in YouApp
Merchants are always paid in ringgit by licensed parties and never in stablecoins, so a hawker stall or a pharmacy counter treats your payment like any other DuitNow QR payment.
Is it safe, and who is regulated here?
Every payment, conversion and settlement is provided by licensed parties. The MYRT reserve is held at a licensed Shariah-compliant fund, and merchants are always paid in ringgit.
YouApp is verified-only. Everyone with an account has passed the same identity check, which is why the app can be used safely by travellers and locals who have never met. YouApp is not a bank and not an e-money issuer.
What does the wallet cost to use?
There is no charge for looking. Fees appear on screen before you confirm a payment. The YouApp fee on scan to pay is as low as 1.7%, card processing is as low as 2.5%, and limits are RM20,000 per transaction and RM600,000 per year.
Cashback is paid in MYRT at partner merchants, partner hosts and partner activities only, funded by those partners.
Fees and limits
Shown before you confirm.
- YouApp fee, scan to pay
- as low as 1.7%
- Card processing
- as low as 2.5%
- Per transaction
- RM20,000
- Per year
- RM600,000
Who can open one?
Anyone who passes verification: MyKad, passport or Singpass plus a selfie liveness check, under a minute, once. Visitors can browse YouApp without an account.
YouApp is built by YouApp Pte. Ltd. in Singapore and is Malaysia-first, made for travellers and locals in the same app. Cross-border QR payments are planned from 2027 and are not live today.
Good to know before you fund the wallet
- Ethereum mainnet only. ERC-20 stablecoins sent on any other network cannot be recovered.
- Blockchain transfers are irreversible. Check the address and the network before you send.
- Your MYRT appears in your wallet once the conversion completes.
- Verification is needed once before you can pay, and YouApp is verified-only.
- YouApp does not quote exchange rates and does not give tax or investment advice.
Conversion powered by
(sera.cx), a non-custodial settlement protocol for stablecoins.
Non-custodial wallet powered by
(a Stripe company)
Questions people ask
- Is the YouApp wallet custodial or non-custodial?
- Non-custodial. It is powered by Privy, a Stripe company, and YouApp never holds or touches your YouApp wallet funds or stablecoins.
- Which stablecoins can the wallet hold?
- ERC-20 stablecoins on Ethereum mainnet: MYRT, XSGD, JPYC, IDRT and USD stablecoins. Your spendable balance is shown in MYRT.
- Can I pay at shops in Malaysia with the wallet?
- Yes. Scan any DuitNow QR and pay in ringgit at more than three million merchant touchpoints. Merchants are always paid in ringgit by licensed parties.
- Do I have to be Malaysian to open a wallet?
- No. Verification accepts MyKad, passport or Singpass plus a selfie liveness check. YouApp is built by YouApp Pte. Ltd. in Singapore and is Malaysia-first, for travellers and locals.
- What are the limits on the wallet?
- RM20,000 per transaction and RM600,000 per year. The YouApp fee on scan to pay is as low as 1.7% and card processing is as low as 2.5%.
- Can I top up without crypto?
- Yes, by DuitNow transfer or by debit or credit card. FPX is not supported.
- Can I use the wallet outside Malaysia?
- Not yet. Cross-border QR payments are planned from 2027 and are not live today.
Keep reading
The rest of the picture: converting, scanning and the rules that sit behind it.
Open a wallet you can spend
Download YouApp, verify once, and top up with stablecoins, a DuitNow transfer or a card.
