Rupiah Token Issued IDRT Stablecoin on Polygon
We are pleased to announce that we have launched IDRT Stablecoin on Polygon.
Polygon constitutes a stack of decentralized protocols designed to fix Ethereum’s scalability issues. In the process, Polygon network dissolves the problem by building and connecting several Ethereum-compatible blockchain networks.
Furthermore, Polygon is created to assist developers’ needs by providing a framework for creating decentralized applications (dApps), user experience (UX), and security.
Through this development, Rupiah Token can strengthen its success as the first stablecoin in Indonesia as well as bring a positive impact to the blockchain industry in Indonesia, or even in the world.
About Rupiah Token
Rupiah Token (IDRT) is a stablecoin that is backed 1:1 by fiat Indonesian Rupiah. IDRT is available on multiple blockchains namely Ethereum (ERC-20), BNB Smart Chain (BEP-20), and Polygon. We are the first and most adopted Rupiah stablecoin in Indonesia. The way Rupiah Token works, in a nutshell, is that our user can simply deposit 1 Rupiah Token for 1 fiat Rupiah and withdraw the Rupiah Token back to the fiat Indonesian Rupiah at any time via the mobile wallet app (https://pintu.co.id). We can always guarantee that the Rupiah Token is backed by fiat Indonesian Rupiah in our bank account and we are regularly audited by an independent auditor to prove such collateralization.