The Central Bank of Indonesia promotes the "national version of stablecoin"! It combines the CBDC digital shield, using government bonds as support.

The Central Bank of Indonesia announced that it will issue tokenized digital securities backed by government bonds based on the “Digital Rupiah” Central Bank Digital Currency (CBDC), creating Indonesia's version of a “national stablecoin.” (Background: Indonesian tech company DigiAsia plans to raise funds to “buy 100 million USD worth of Bitcoin,” with its stock skyrocketing 91% in a single day.) (Background Supplement: Financial Black Hole: Stablecoins are devouring banks, reshaping the global financial framework.) According to CNBC Indonesia, the President of the Central Bank of Indonesia, Perry Warjiyo, announced on Thursday at the “2025 Indonesia Digital Finance and Economy Festival and Fintech Summit” held in Jakarta that the Central Bank of Indonesia will issue tokenized digital securities backed by government bonds (SBN) based on its Digital Rupiah CBDC, referring to it as Indonesia's “national stablecoin.” What is Indonesia's “national stablecoin”? Simply put, the so-called “national stablecoin” is a stablecoin issued by the central bank and backed by government assets. Unlike stablecoins launched by companies or private institutions in the market (such as USDT and USDC), Indonesia's stablecoin is based on the state-issued Digital Rupiah and is endorsed by government bonds (SBN), representing a stable, secure value source that is regulated by official authorities. In other words, this is a type of “crypto asset issued by the central bank and guaranteed by government credit,” aimed at integrating blockchain technology with the national financial system, pushing Indonesia towards a more digital and transparent financial era. Why is Indonesia launching the “national stablecoin”? Although stablecoins are not yet considered legal tender in Indonesia, their application in payments and cross-border remittances is becoming increasingly popular, prompting the Financial Services Authority of Indonesia (OJK) to begin regulating related trading activities. Dino Milano Siregar, head of the OJK's Cryptocurrency and Digital Assets Department, stated that regulatory authorities have required stablecoin traders to comply with Anti-Money Laundering (AML) regulations and to submit reports regularly. Dino pointed out that even though stablecoins have not yet been officially recognized as payment instruments, some stablecoins backed by credible assets have already been used by the market as hedging tools. Dino emphasized, “These assets can be traded, and their volatility is much lower than that of other cryptocurrencies.” This also means that the value stability and financial security of stablecoins are gradually gaining recognition from both the market and regulators. Related Reports: $300 billion new blue ocean: Three main lines of the stablecoin ecosystem. Visa announces support for four stablecoins, which can be cross-chain exchanged into the legal currencies of 25 countries. Western Union announces the adoption of Solana as the stablecoin chain, issuing USDPT as the main circulating token. This article was first published in BlockTempo, the most influential blockchain news media.