Rupiah stablecoin IDRX launches on Celo
- —IDRX is backed by fiat reserves and government bonds held at regulated institutions
- —Celo processes $6.2 billion per month and serves 450,000 daily active users
- —Textile FX has reached daily trading volume of $328,000
- —The launch follows IDRX's departure from the Lisk network, which closes on October 31
Why it matters: It expands onchain FX and remittances in Indonesia, where inbound remittance volume reached $17.6 billion in 2025.
Source: Blockchain.News