Lisk EMpower Spotlight: @idrx_co 🇮🇩
In a market that defaults to dollar stablecoins, IDRX puts rupiah onchain—regulated, 1:1-backed, and usable day-to-day.
Utility first, not speculation. That’s why the Lisk EMpower Fund is behind them.
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Southeast Asia’s largest economy runs on digital payments, yet most onchain activity defaults to dollar assets.
A trusted, local unit brings speed and transparency without leaving national rails behind.
What IDRX is: a fully backed, regulated digital rupiah with reserves at Indonesian banks and ongoing oversight.
Monthly attestations, clear reporting, and compliance from day one—so people know what backs their money.
What it changes: faster, cheaper, more transparent transfers in IDR; simpler payouts and savings for users and businesses; a path to bring local finance and Web3 closer together.
Signal in the market: non-USD stablecoins are growing across SEA. IDR-pegged assets are taking share—evidence that users want local, trusted units for onchain activity.
Our role: beyond capital, we’ve supported @idrx_co with strategy, technical advisory, and ecosystem access—helping the team navigate compliance, scale infrastructure, and ship for real adoption.
Looking ahead: CBDCs aren’t the enemy—they’re a potential complement. A rupiah CBDC under the hood, with a programmable stablecoin at the edge, could blend central-bank trust with everyday usability.
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