what's IDRX Stablecoin?

IDRX is a stablecoin designed to bring the Indonesian Rupiah (IDR) onchain, enabling seamless digital transactions and integration into decentralized finance ecosystems. Pegged 1:1 to IDR, it facilitates stable value transfer for users in Indonesia and Southeast Asia, bridging traditional currency with blockchain technology. Built on efficient networks like Base and Polygon, IDRX supports low-cost, fast settlements and is backed by reserves to maintain its peg. The project emphasizes adoption through partnerships with wallets, exchanges, and DeFi protocols, allowing users to send, receive, and spend IDRX at merchants while earning rewards in lending and liquidity provision. Its infrastructure includes smart contracts for minting and redemption, ensuring transparency via onchain audits and reserve proofs. IDRX aims to empower local economies by tokenizing fiat for broader Web3 participation. As part of a growing ecosystem, IDRX integrates with tools for borrowing, saving, and cross-border payments, fostering financial inclusion in regions with high remittance flows. Developers can leverage its stability for building IDR-denominated dApps, while users benefit from composability across chains without volatility risks.

New USDT0/IDRX Velodrome pool launches with $8.4K incentives as part of Lisk Surge initiative.

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