The Indonesian Rupiah stablecoin IDRX, issued by PT IDRX Indo Inovasi, went live on the Celo network on 15 September, according to an announcement from the Celo
- The Indonesian Rupiah stablecoin, IDRX, has launched on the Celo network, aiming to facilitate cross-border transactions and remittances.
- IDRX is backed 1:1 by fiat reserves and Indonesian government bonds, with Textile FX providing FX liquidity for direct Rupiah trading on-chain.
- This launch targets Indonesia's significant remittance market and high crypto adoption rate, strengthening Celo's stablecoin ecosystem.
Topics: Asset types, Blockchain usage, Integration with defi, Stablecoins digital cash, Ethereum evm l 1 s, Rwa collateral lending
Tags: #idrx #indonesianrupiah #celo #stablecoin #textilefx #remittances #crossborder #liquidity #fiatbacked
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