Rupiah Token (IDRT) is a fiat-collateralized stablecoin pegged 1:1 to the Indonesian Rupiah (IDR). Issued by the Indonesian company PT Rupiah Token Indonesia, it is designed to serve as a digital representation of the Indonesian national currency on public blockchains. The project's primary goal is to bridge traditional finance with the digital asset economy by providing a stable medium of exchange for trading, remittances, and decentralized finance (DeFi) applications. ^{[1] [2]}​

Overview

Rupiah Token was created to enhance the usability and global acceptance of the Indonesian Rupiah within the blockchain ecosystem. The project markets itself as the first and most widely adopted IDR-backed stablecoin. Each IDRT token in circulation is designed to be fully collateralized by an equivalent amount of fiat Indonesian Rupiah held in reserve in an Indonesian bank account. This mechanism aims to maintain a stable value, where 1 IDRT is equivalent to 1 IDR. ^{[2] [3] [4]}

Users can acquire IDRT by depositing fiat Rupiah through the official Rupiah Token platform, which then mints the corresponding amount of tokens to the user's wallet. Conversely, users can redeem their IDRT for fiat IDR, a process that involves the platform burning the tokens to reduce the total supply. PT Rupiah Token Indonesia, the entity behind the token, is registered and licensed by Indonesian government authorities, including the Commodity Futures Trading Regulatory Agency (Bappebti) and the Ministry of Communication and Information Technology (Kominfo). ^{[4] [5]} This regulatory compliance is a key feature of the project, aimed at building trust and ensuring legal operation within Indonesia. The project's official mission is to boost "the acceptance of Rupiah worldwide through blockchain and open financial system." ^[3]​

Tokenomics

Rupiah Token ($IDRT) is an ERC-20 and BEP-20 token and a digital asset that is actively traded on decentralized exchanges across multiple blockchain networks. Liquidity for the token is primarily available through trading pairs on platforms such as Uniswap V4 on BNB Chain, with additional markets on PancakeSwap V3 and Uniswap V3 on Polygon. ^{[2] [4]}

Use Cases

• On-Ramp to Cryptocurrency: IDRT provides a straightforward method for Indonesian users to convert their fiat Rupiah into a digital asset, enabling them to enter the cryptocurrency market without initial exposure to more volatile assets. ^[1]
• Stable Trading Pair: On cryptocurrency exchanges, IDRT serves as a stable trading pair against other cryptocurrencies like Bitcoin or Ethereum. This allows traders to hedge against market volatility by moving funds into a stable asset without converting back to fiat currency. ^{[1] [5]}
• Decentralized Finance (DeFi): The token facilitates participation in various DeFi applications, including lending, borrowing, and liquidity provision on platforms across Ethereum, BNB Smart Chain, and Polygon. Its stable value makes it suitable for use as collateral or as a base asset in liquidity pools. ^[1]
• Remittances and Payments: Blockchain technology enables IDRT to be used for fast and borderless money transfers, which can be faster and more cost-effective than traditional banking systems for international remittances. ^{[1] [2] [4]}

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