Indonesia’s digital rupiah CBDC to get ‘stablecoin’ companion backed by government bonds
Cointelegraph
Bank Indonesia plans to issue a national stablecoin version backed by government bonds and the digital rupiah CBDC.Summary
Bank Indonesia (BI) Governor Perry Warjiyo announced plans to issue a "national stablecoin version," which will consist of tokenized, digital central bank securities (SBN) backed by the digital rupiah CBDC. This initiative aims to integrate blockchain technology into Indonesia's monetary framework. While stablecoins are not yet legal tender, the Financial Services Authority (OJK) is monitoring their use, enforcing AML compliance, and noting their utility as less volatile hedging tools backed by credible assets. This development occurs as Indonesia ranks seventh globally in crypto adoption.
(Source：Cointelegraph)