IDRX (IDRX)
CryptoScore Pro global score : 51/100 (computed on 2026-10-30)
IDRX is a stablecoin pegged to the Indonesian Rupiah (IDR) designed to facilitate cross-border transactions, DeFi integrations, and digital payments within Indonesia's rapidly growing digital economy. Unlike traditional stablecoins indexed to the USD or EUR, IDRX uses the Indonesian Rupiah as its underlying asset, addressing the need for stable and localized value storage and transfer mechanisms in a market where 90% of daily transactions still rely on cash. Technically, IDRX operates as an ERC-20 token on Ethereum and is natively supported on several blockchains, including BNB Chain, Solana, Polygon, and Gnosis Chain, ensuring interoperability and reduced transaction costs. The project's whitepaper describes a double collateralization model where each IDRX token is backed by reserves consisting of Indonesian government bonds, central bank deposits, and cash equivalents held by licensed Indonesian financial institutions, ensuring transparency and regulatory compliance. Consensus is maintained via Proof-of-Authority (PoA) validators, a model chosen for its efficiency in permissioned environments, aligning with Indonesia's strict financial regulations. The tokenomics are structured…
Scores by pillar
| Technology | 45/100 |
|---|---|
| Tokenomics | 73/100 |
| Team | 45/100 |
| Adoption | 35/100 |
| Liquidity | 36/100 |
| Compliance | 75/100 |
Market data
| Price | $0.00005531 |
|---|---|
| Market cap | $1.03M |
| 24h volume | $12,704.93 |
| Market cap rank | #2901 |
| 24h change | +0.31% |
| 7d change | -0.97% |
| Blockchain | Ethereum, BNB Chain, Solana, Polygon, Gnosis Chain, Kaia, Base, Etherlink, World Chain, Lisk |
| Sector | Stablecoin |
Analysis
The IDRX asset has a limited track record. This stablecoin, pegged to the Indonesian rupiah, uses a dual-collateralization mechanism via bonds and deposits. It runs on several chains, including Ethereum and Solana. The token is intended for digital payments and cross-border transfers in Indonesia.