Rupiah stablecoin brings efficiency to remittance transactions

Amid the growing need for more efficient cross-border payments, a rupiah-based stablecoin is considered an alternative infrastructure capable of delivering remittance transactions with lower costs. It also offers faster settlement and better transparency compared to conventional payment channels, thus holding significant potential to support millions of diaspora and Indonesian Migrant Workers (PMI) in sending funds home more efficiently. “The rupiah stablecoin can become an important foundation for bringing transaction efficiency while supporting the birth of various rupiah-based digital asset innovations to keep the rupiah relevant in the digital economy,” said IDRX CEO Nathanael Christian in a statement in Jakarta on Sunday. Previously, developers from the Indonesian crypto stablecoin asset IDRX participated in the MASA 2026 event organised by the Ministry of Creative Economy of the Republic of Indonesia at the Takashimaya Shopping Centre, Singapore. IDRX introduced digital financial asset infrastructure based on the rupiah stablecoin that can support the transformation of Indonesia’s creative economy through two avenues: cross-border remittances using the rupiah stablecoin and IP tokenisation. Nathanael stated that crypto asset innovation in the form of digital financial assets can create new economic value without neglecting regulatory compliance and consumer protection. Creative works such as music, visual arts, design, and other forms of intellectual property have the potential to be transformed into digital financial assets that can be distributed transparently and in accordance with applicable regulatory frameworks. Through tokenisation, the economic rights to a work are represented as digital tokens, opening up liquidity and new funding access for creators without altering the underlying ownership of their work. “Indonesia has enormous creative economy potential. For that potential to develop in the digital era, financial infrastructure is needed that can bridge the creative world with the digital economy,” he said. Meanwhile, Subani, President Director of PT Central Finansial X (CFX), the institution overseeing crypto asset trading in Indonesia, stated that innovations born from industry players like IDRX and the huge potential of the creative economy sector require a secure foundation to be recognised globally. “Therefore, this digital asset economy must be built on regulatory-compliant infrastructure,” he said. Regarding this, Subani added that his party is ready to play a role in providing infrastructure that supports domestic digital financial asset innovation responsibly and sustainably.