{"id":"rupiah-token","title":"Rupiah Token","content":"**Rupiah Token (IDRT)** is a fiat-collateralized [stablecoin](https://iq.wiki/wiki/stablecoin) pegged 1:1 to the Indonesian Rupiah (IDR). Issued by the Indonesian company PT Rupiah Token Indonesia, it is designed to serve as a digital representation of the Indonesian national currency on public [blockchains](https://iq.wiki/wiki/blockchain). The project's primary goal is to bridge traditional finance with the digital asset economy by providing a stable medium of exchange for trading, remittances, and [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) applications. [\\[1\\]](#cite-id-nLi20awIT33QP5FG) [\\[2\\]](#cite-id-4qmYfkGQicuTFYsw)​\n\n## Overview\n\nRupiah Token was created to enhance the usability and global acceptance of the Indonesian Rupiah within the blockchain ecosystem. The project markets itself as the first and most widely adopted IDR-backed [stablecoin](https://iq.wiki/wiki/stablecoin). Each IDRT token in circulation is designed to be fully collateralized by an equivalent amount of fiat Indonesian Rupiah held in reserve in an Indonesian bank account. This mechanism aims to maintain a stable value, where 1 IDRT is equivalent to 1 IDR. [\\[2\\]](#cite-id-4qmYfkGQicuTFYsw) [\\[3\\]](#cite-id-2LxDafn6yQJixe3n)  [\\[4\\]](#cite-id-dgfcmDoKcYKH0Ibv) \n\nUsers can acquire IDRT by depositing fiat Rupiah through the official Rupiah Token platform, which then [mints](https://iq.wiki/wiki/minting) the corresponding amount of tokens to the user's wallet. Conversely, users can redeem their IDRT for fiat IDR, a process that involves the platform [burning](https://iq.wiki/wiki/token-burn) the tokens to reduce the total supply. PT Rupiah Token Indonesia, the entity behind the token, is registered and licensed by Indonesian government authorities, including the Commodity Futures Trading Regulatory Agency (Bappebti) and the Ministry of Communication and Information Technology (Kominfo). [\\[4\\]](#cite-id-dgfcmDoKcYKH0Ibv) [\\[5\\]](#cite-id-zPvSHCrH0rsT7hMV) This regulatory compliance is a key feature of the project, aimed at building trust and ensuring legal operation within Indonesia. The project's official mission is to boost \"the acceptance of Rupiah worldwide through blockchain and open financial system.\" [\\[3\\]](#cite-id-2LxDafn6yQJixe3n)​\n\n## Tokenomics\n\nRupiah Token ($IDRT) is an [ERC-20](https://iq.wiki/wiki/erc-20) and [BEP-20](https://iq.wiki/wiki/bep-20) token and a digital asset that is actively traded on [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange) across multiple [blockchain](https://iq.wiki/wiki/blockchain) networks. Liquidity for the token is primarily available through trading pairs on platforms such as Uniswap V4 on [BNB Chain](https://iq.wiki/wiki/binance-smart-chain), with additional markets on [PancakeSwap](https://iq.wiki/wiki/pancakeswap) V3 and Uniswap V3 on [Polygon](https://iq.wiki/wiki/polygon).  [\\[2\\]](#cite-id-4qmYfkGQicuTFYsw)  [\\[4\\]](#cite-id-dgfcmDoKcYKH0Ibv) \n\n## Use Cases\n\n* **On-Ramp to Cryptocurrency:** IDRT provides a straightforward method for Indonesian users to convert their fiat Rupiah into a digital asset, enabling them to enter the cryptocurrency market without initial exposure to more volatile assets. [\\[1\\]](#cite-id-nLi20awIT33QP5FG)\n* **Stable Trading Pair:** On cryptocurrency exchanges, IDRT serves as a stable trading pair against other [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) like [Bitcoin](https://iq.wiki/wiki/bitcoin) or [Ethereum](https://iq.wiki/wiki/ethereum). This allows traders to hedge against market volatility by moving funds into a stable asset without converting back to [fiat currency](https://iq.wiki/wiki/fiat-money). [\\[1\\]](#cite-id-nLi20awIT33QP5FG) [\\[5\\]](#cite-id-zPvSHCrH0rsT7hMV)\n* **Decentralized Finance (DeFi):** The token facilitates participation in various [DeFi](https://iq.wiki/wiki/defi) applications, including lending, borrowing, and liquidity provision on platforms across [Ethereum](https://iq.wiki/wiki/ethereum), [BNB Smart Chain](https://iq.wiki/wiki/binance-bridged-usdc-bnb-smart-chain), and [Polygon](https://iq.wiki/wiki/polygon). Its stable value makes it suitable for use as collateral or as a base asset in [liquidity pools](https://iq.wiki/wiki/liquidity-pool). [\\[1\\]](#cite-id-nLi20awIT33QP5FG)\n* **Remittances and Payments:** [Blockchain](https://iq.wiki/wiki/blockchain) technology enables IDRT to be used for fast and borderless money transfers, which can be faster and more cost-effective than traditional banking systems for international remittances. [\\[1\\]](#cite-id-nLi20awIT33QP5FG) [\\[2\\]](#cite-id-4qmYfkGQicuTFYsw) [\\[4\\]](#cite-id-dgfcmDoKcYKH0Ibv)\n\n​","summary":"Rupiah Token (IDRT) is a fiat-collateralized stablecoin pegged 1:1 to the Indonesian Rupiah (IDR). It operates on multiple blockchains, including Ethereum and B...","images":[{"id":"QmYZP95Z51qedk3V6MDhfbe4GU5ao1YMUMZiaQv25MsRmm","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"tags":[{"id":"Ethereum"},{"id":"Protocols"},{"id":"Polygon"},{"id":"BinanceSmartChain"},{"id":"Stablecoins"}],"media":[],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"nLi20awIT33QP5FG\",\n    \"url\": \"https://coinmarketcap.com/currencies/rupiah-token/\",\n    \"description\": \"CoinMarketCap page for Rupiah Token\",\n    \"timestamp\": 1766413941614\n  },\n  {\n    \"id\": \"4qmYfkGQicuTFYsw\",\n    \"url\": \"https://www.coingecko.com/en/coins/rupiah-token\",\n    \"description\": \"CoinGecko page for Rupiah Token\",\n    \"timestamp\": 1766413941614\n  },\n  {\n    \"id\": \"2LxDafn6yQJixe3n\",\n    \"url\": \"https://x.com/RupiahTokenIDRT\",\n    \"description\": \"Rupiah Token official X profile\",\n    \"timestamp\": 1766413941614\n  },\n  {\n    \"id\": \"dgfcmDoKcYKH0Ibv\",\n    \"url\": \"https://rupiahtoken.com/\",\n    \"description\": \"Official website of Rupiah Token\",\n    \"timestamp\": 1766413941614\n  },\n  {\n    \"id\": \"zPvSHCrH0rsT7hMV\",\n    \"url\": \"https://rupiahtoken.com/faq\",\n    \"description\": \"Rupiah Token FAQ page\",\n    \"timestamp\": 1766413941614\n  }\n]"},{"id":"website","value":"https://rupiahtoken.com/"},{"id":"twitter_profile","value":"https://x.com/RupiahTokenIDRT"},{"id":"medium_profile","value":"https://medium.com/rupiahtoken-blog"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/rupiah-token/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/rupiah-token"},{"id":"github_profile","value":"https://github.com/rupiah-token"},{"id":"telegram_profile","value":"https://t.me/rupiahtokenindonesia"},{"id":"etherscan","value":"https://etherscan.io/token/0x998FFE1E43fAcffb941dc337dD0468d52bA5b48A"},{"id":"nansen","value":"https://app.nansen.ai/token-god-mode?chain=ethereum&tab=transactions&tokenAddress=0x998FFE1E43fAcffb941dc337dD0468d52bA5b48A"},{"id":"bscscan","value":"https://bscscan.com/token/0x66207E39bb77e6B99aaB56795C7c340C08520d83"},{"id":"polygonscan","value":"https://polygonscan.com/token/0x554cd6bdD03214b10AafA3e0D4D42De0C5D2937b"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/rupiah-token/"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmTn2HmMpxsRKMGayYnSu1A4pjjRN5LQUxxWsfHH4jVUdS\""},{"id":"commit-message","value":"\"Fixed data formatting and updated IDs\""},{"id":"previous_cid","value":"QmTn2HmMpxsRKMGayYnSu1A4pjjRN5LQUxxWsfHH4jVUdS"}],"events":[{"id":"9c01e54e-27a1-4bb2-b915-6fdd1d959630","date":"2019-04-01","title":"Rupiah Token Project Inception","type":"CREATED","description":"Rupiah Token was founded to create a stablecoin pegged 1:1 to the Indonesian Rupiah. The project's official X.com account was created in April 2019.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"be6d1ab5-3eaa-404d-8889-a1fe8c9c4cd9","date":"2019-07-01","title":"Smart Contract Audited by CertiK","type":"DEFAULT","description":"Rupiah Token's smart contracts were audited by CertiK, based on an onboarding date of July 1, 2019, confirming the project's commitment to security.","link":"https://rupiahtoken.com/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"e8164c9c-ebe3-4b48-af84-7b7eb4508150","date":"2020-04-01","title":"Reached All-Time High Price","type":"DEFAULT","description":"Rupiah Token (IDRT) reached its all-time high price of $0.0002686, according to CoinGecko data.","link":"https://www.coingecko.com/en/coins/rupiah-token","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum","polygon"],"founders":[],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"89606915-95b5-422f-ab72-f2d7b63c7ebc\",\"title\":\"Rupiah Token\",\"description\":\"Rupiah Token (IDRT) is a fiat-collateralized stablecoin pegged 1:1 to the Indonesian Rupiah (IDR). 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