New Era for Crypto in Indonesia: Central Bank Confirms Stablecoin Initiative
The central bank of Indonesia, Bank Indonesia (BI), is proceeding with its ambitions to launch its own stablecoin. Government bonds (SBN) will be used as collateral for this digital currency. During the Indonesia Digital Finance and Economy Festival, Governor Perry Warjiyo of the central bank announced the project. According to CNBC Indonesia, the announcement was made on Thursday during the Fintech Summit 2025 in Jakarta.
Indonesia Prepares National Stablecoin with SBN Collateral
Warjiyo stated during the summit that Bank Indonesia intends to issue tokenized versions of SBN, or digital central bank securities. The nation’s central bank digital currency (CBDC), the digital rupiah, will serve as the backing for the digital securities. To put it briefly, digital rupiah will be the source of Bank Indonesia’s intended digital securities. SBN will support them, creating what the central bank refers to as Indonesia’s national stablecoin.
We will issue Bank Indonesia securities in digital form — the digital rupiah with underlying SBN, Indonesia’s national version of a stablecoin,
Warjiyo
Indonesia Takes Steps Toward Blockchain Integration in Monetary Policy
Although stablecoins are not yet accepted as legal money in Indonesia, the OJK, the Financial Services Authority, has begun to keep an eye on their usage. Their increasing significance in payments and remittances is the reason behind this. The digital securities are intended to support BI’s more comprehensive approach to digital finance. According to the study, if implemented, this would be a significant step toward incorporating blockchain technology into Indonesia’s monetary system.
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