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IDRX

PT IDRX Indo Inovasi

Issuer of IDRX, a rupiah-pegged stablecoin

IndonesiaIndustry

About

IDRX is a stablecoin pegged 1:1 to the Indonesian rupiah. It is issued by PT IDRX Indo Inovasi, a company based in South Jakarta. Its chief executive is Nathanael Christian.

IDRX says each token is backed by rupiah reserves and government bonds held at Indonesian financial institutions, and that its smart contracts are audited by CertiK. Users mint IDRX by transferring rupiah from a bank account and can redeem it back to rupiah. The token runs on several blockchains, including Polygon, BNB Chain, Base, Solana and, since September 2026, Celo.

IDRX promotes rupiah stablecoins for cross-border remittances by migrant workers, local payments and the tokenisation of creative assets. It presented these uses at MASA 2026 in Singapore, an exhibition run by Indonesia's Ministry of Creative Economy. Its work is a live test case for how OJK and Bank Indonesia will treat rupiah stablecoins, which are not legal tender for payments.

Policy engagement

Presented rupiah stablecoin use cases for cross-border remittances and IP tokenisation at MASA 2026 in Singapore, an exhibition run by Indonesia's Ministry of Creative Economy, in July 2026.

Source: Kontan, 4 Jul 2026: IDRX at MASA 2026

Key actions

  1. Launched on the Celo network with liquidity from Textile FX, ahead of the October 2026 shutdown of the Lisk network where it had been active.

    Source

  2. Presented rupiah stablecoin use cases for cross-border remittances and intellectual property tokenisation at MASA 2026 in Singapore.

    Source

  3. Announced a partnership with the security firm FailSafe to strengthen protection of the stablecoin.

    Source

  4. Published its introduction of IDRX as a rupiah-backed stablecoin with CertiK-audited contracts and listing on Indodax.

    Source

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