Bank of Indonesia to Launch Bond-Backed Stablecoin

Coinpedia 5 hours ago 165

The post Bank of Indonesia to Launch Bond-Backed Stablecoin appeared first on Coinpedia Fintech News

Bank Indonesia is launching a stablecoin backed by government bonds and tied to its digital rupiah CBDC. This move aims to strengthen the country’s digital financial system by providing a secure and stable digital currency. The bond backing offers a trustworthy guarantee of value, helping to boost confidence among users. This initiative marks a key step in Indonesia’s efforts to modernize its economy and improve digital payments for individuals and businesses alike.

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