Bank of Indonesia to Launch Bond-Backed Stablecoin
Bank Indonesia is advancing its digital financial infrastructure with the introduction of a stablecoin backed by government bonds, pegged to its digital rupiah CBDC. This strategic MOVE aims to enhance stability and trust in the country's digital payments ecosystem.
The bond-backed design provides a tangible guarantee of value, addressing volatility concerns while fostering adoption among businesses and consumers. This initiative reflects Indonesia's broader push to modernize its economy through blockchain-based solutions.