PANews reported on November 11 that Pundi X announced the integration of 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 launch in the first quarter of 2025 at selected merchants, allowing users to make payments with IDRX, paving the way for crypto payments in Indonesia.
IDRX is backed by the Indonesian currency Rupiah reserves, ensuring 1:1 value stability, combined with the scalability, low transaction fees, and strong security of the Base chain, ensuring users experience fast, efficient, and cost-effective crypto payments while being protected from cryptocurrency price fluctuations. This feature will help merchants and users confidently use IDRX for daily transactions, promoting the development of Indonesia's digital economy.