Rupiah Token
Crypto Overview
Purpose and Utility
Rupiah Token (IDRT) is a stablecoin pegged 1:1 to the Indonesian Rupiah (IDR). It was created by PT Rupiah Token Indonesia to facilitate IDR-based transactions on blockchain networks. The primary purpose is to provide a bridge between traditional Indonesian Rupiah and blockchain-based transactions.
Business Model
IDRT operates on a simple and transparent model where users can mint tokens by depositing IDR with the issuer. Each IDRT token is backed by actual IDR held in Indonesian banks. The business generates revenue through minimal minting and burning fees rather than interest-based mechanisms.
Real-World Adoption
IDRT is actively used on various cryptocurrency exchanges for IDR-based trading pairs. It has partnerships with several Indonesian cryptocurrency platforms and is particularly popular among Indonesian traders who want to avoid volatile cryptocurrency exposure while maintaining blockchain-based transaction capabilities.
Platform Development
The token exists on multiple blockchain networks including Ethereum and Binance Smart Chain, showing continued development effort to increase accessibility. The team maintains regular updates and transparency regarding the backing of tokens.
Token Distribution
IDRT is a stablecoin where new tokens are minted when IDR is deposited and burned when IDR is withdrawn. There is no fixed supply or concerning concentration of tokens among founders, as the supply directly reflects actual IDR deposits.
Crypto Impact
To assign a comfort level investing in Rupiah Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Rupiah Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.