Indonesia Rupiah Token price

IDRP

IDRP is a Rupiah-backed digital asset designed to represent the value of the Indonesian Rupiah (IDR) on blockchain networks. The project is operated by PT Adhyoka Berkah Maju, an Indonesian company legally incorporated and approved by the Ministry of Law and Human Rights of the Republic of Indonesia in December 2024. IDRP aims to provide a stable, transparent, and compliant digital representation of Rupiah value for use within blockchain-based financial ecosystems. IDRP is structured as a fully backed stablecoin, with each IDRP token supported on a 1:1 basis by Rupiah reserves. These reserves are held in escrow accounts at PT Bank Negara Indonesia (BNI) and may be placed in selected low-risk financial instruments such as bank deposits, government bonds (SUN), and money market mutual funds. The reserve assets are managed transparently under a defined governance framework involving PT Adhyoka Berkah Maju as the issuer and PT Tennet Depository Indonesia (TDI) as the digital asset custodian, with periodic audits conducted to ensure accountability and alignment between token supply and underlying reserves. The issuance and redemption of IDRP follow a minting and burning mechanism directly linked to fiat movements. When users deposit Rupiah into the designated escrow account, an equivalent amount of IDRP is minted and issued on-chain after verification and approval. Conversely, when IDRP is redeemed, the corresponding tokens are burned and Rupiah funds are released from escrow. This process ensures that the circulating supply of IDRP consistently reflects the value of the underlying reserves. Minting and redemption are currently conducted through controlled operational workflows aligned with banking hours and compliance requirements. IDRP is designed to operate across multiple blockchain networks to support interoperability and accessibility. The token is currently deployed on-chain across Polygon, Ethereum, Binance Smart Chain (BSC), and Kaia, enabling IDRP to function within different blockchain ecosystems while maintaining a consistent reserve-backed structure and governance framework. This multi-chain approach allows IDRP to support a broader range of institutional, corporate, and ecosystem use cases, including asset tokenization and on-chain settlement, without reliance on a single network. The primary use cases of IDRP currently include B2B settlement, cross-border settlement, and swapping IDRP with other stablecoins within supported blockchain ecosystems. IDRP serves as a Rupiah-backed stable settlement asset for blockchain-based transactions, enabling transparent and efficient value transfer without exposure to the price volatility typically associated with non-stable cryptocurrencies. Through its on-chain deployment, IDRP facilitates cross-border digital asset settlements involving Rupiah-denominated value and provides a stable medium for interoperability between different stablecoins. IDRP is not positioned as a retail payment instrument. Instead, it focuses on institutional, corporate, and ecosystem-level applications, particularly B2B and cross-border settlement activities and interoperability with other stablecoins within blockchain ecosystems. The project emphasizes regulatory compliance, risk management, and transparency in its operations. PT Adhyoka Berkah Maju implements KYC, KYB, AML, and CFT controls through Sumsub as its third-party verification provider, ensuring that participating users and entities meet applicable compliance standards. By combining escrow-based reserve management, controlled issuance and redemption processes, and clearly defined governance roles, IDRP aims to operate as a compliant Rupiah-referenced digital asset within blockchain-based financial infrastructure. More information about the project is available at https://idrp.io