PANews reported on November 11 that Pundi X announced that it will integrate the IDRX stablecoin into its upcoming decentralized merchant solution. IDRX is a stablecoin pegged to the Indonesian rupiah, combining the convenience of blockchain with the stability of fiat currency. A pilot project will be launched at specific merchants in the first quarter of 2025, where users can use IDRX for payments, paving the way for crypto payments in Indonesia.
IDRX is backed by physical Indonesian currency Rupiah reserves, ensuring 1:1 value stability. Combined with the scalability, low transaction fees and strong security of the Base chain, it ensures that users can experience fast, efficient and affordable crypto payments with IDRX while being protected from cryptocurrency price fluctuations. This feature will help merchants and users use IDRX for daily transactions with confidence and promote the development of Indonesia's digital economy.
