# Understanding IDRX

**IDRX** is a blockchain-based stablecoin issued and managed by the IDRX team, and designed to maintain a 1:1 peg with the Indonesian Rupiah (IDR).

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## Why IDRX?

Wagon Network leverages IDRX as the core medium of exchange on our platform because it provides:

* **Price stability** – Users avoid volatility by transacting with a stable asset.
* **On-chain interoperability** – IDRX is compatible with multiple blockchains including BNB Chain and Base.
* **Regulatory alignment** – It reflects a fiat value while remaining on-chain, reducing conversion complexities.
* **Simplified user experience** – Especially for Indonesian users who prefer transacting in their local currency.

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## Key Features of IDRX

* **1:1 IDR Peg**: Every unit of IDRX aims to represent 1 Indonesian Rupiah.
* **Custodial-backed**: The token is backed by fiat reserves held by the issuer.
* **Cross-chain availability**: Currently available on BNB Smart Chain and Base.
* **Supported by on/off ramp**: Direct conversion between IDR and IDRX on Wagon via integration with IDRX.

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## Using IDRX on Wagon Network

Users can:

* Deposit and withdraw IDR using IDRX via the integrated onramp/offramp.
* Lend IDRX to pools to earn yield.
* Receive repayments and profits in IDRX.

All core transactions in Wagon’s lending ecosystem are denominated in IDRX to keep everything stable and familiar for local users.

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## Learn More

To explore the IDRX stablecoin in more detail, visit the official website:\
👉 [https://idrx.co](https://idrx.co/)


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