Indonesia’s Central Bank to Launch Blockchain-Backed Stablecoin Tied to Digital Rupiah
Indonesia’s central bank has unveiled plans to issue a bond-backed stablecoin, built on the country’s digital rupiah infrastructure. The initiative, announced at the Indonesia Digital Financial Economy Festival & Fintech Summit 2025, marks a significant step toward integrating blockchain into the nation’s financial system.
Governor Perry Warjiyo described the new instrument as a hybrid between a central bank digital currency (CBDC) and a stablecoin, fully collateralized by Indonesian government bonds. Unlike private stablecoins like USDT or USDC, this sovereign-backed asset aims to enhance monetary control and settlement efficiency while mitigating credit risk.
The MOVE reflects Indonesia’s broader strategy to leverage blockchain for financial sovereignty, even as it monitors the growing use of unregulated stablecoins in payments and remittances.
