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).

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.

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.

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.

Learn More

To explore the IDRX stablecoin in more detail, visit the official website: 👉 https://idrx.co

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