Indonesia to Launch Bond-Backed Digital Rupiah Stablecoin
Indonesia is set to introduce a sovereign stablecoin pegged to the digital rupiah and backed by government bonds, marking a significant step in the convergence of traditional finance and digital assets. The MOVE could redefine monetary policy tools in emerging markets.
Unlike decentralized stablecoins, Indonesia's approach leverages its own debt instruments—a structural innovation that may appeal to institutional investors seeking yield-bearing digital assets. The project signals growing state-level experimentation with blockchain-based financial infrastructure.