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Bank Indonesia to Launch Digital Rupiah-Backed ’National Stablecoin’

Bank Indonesia to Launch Digital Rupiah-Backed ’National Stablecoin’

Author:

Global Cryptocurrency

Published:

2025-10-30 13:34:02

24

2

BTCCSquare news:

Bank Indonesia is advancing plans to issue tokenized government securities paired with its digital rupiah, positioning the product as a sovereign alternative to private stablecoins. Governor Perry Warjiyo unveiled the initiative at Jakarta's Fintech Summit 2025, framing the bond-backed digital currency as a strategic MOVE to bolster the weakening rupiah.

The central bank's model mirrors the reserve mechanisms of USD-pegged stablecoins, but with domestic sovereign debt as collateral. This development signals Indonesia's entry into the competitive Asian stablecoin arena, coinciding with heightened financial oversight by the OJK regulator amid currency volatility.

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