Bank Indonesia, the country’s central bank, said it would create digital securities that work like stablecoins and are backed by government bonds.

Governor Perry Warjiyo called these digital assets “Indonesia’s national version of a stablecoin” during the 2025 Indonesia Digital Finance and Economy Festival. They are based on and backed by both the digital rupiah and sovereign government bonds.

Warjiyo said that these digital central bank securities will support Indonesia’s overall digital finance plan. The CBDC and tokenized government bonds aim to combine the benefits of state-backed currency with blockchain transparency to make digital transactions both safe and trustworthy.

How The Digital Rupiah Stablecoin Will Function

The new stablecoin concept will use government bonds (Surat Berharga Negara, SBN) as its primary reserve, meaning each unit will be backed by securities managed by the government. This digital asset with two layers will run alongside the digital rupiah. It will be a stable way to transmit wealth with as little volatility as possible.

The project is a significant step toward integrating blockchain into Indonesia’s monetary policy. Indonesia aims to set a regional example for safe, blockchain-based financial solutions by tokenizing government bonds and incorporating them into the country’s central bank digital currency system.

The Effects of Crypto on The Rules

Stablecoins are not technically legal tender in Indonesia, but the OJK and other financial regulators closely monitor their use.

They require market participants to follow strict Anti-Money Laundering (AML) rules and to report their activities regularly. Stablecoins and digital assets are already widely used in the country for hedging and remittances, even though they don’t have official legal status. 

This is because they are less volatile than typical cryptocurrencies. OJK officials say that stablecoins backed by tangible assets are increasingly used in everyday transactions and financial operations.

The introduction of a stablecoin backed by bonds and issued by the central bank is likely to increase trust and efficiency for Indonesian digital asset users.

Indonesia’s Quick Growth in Global Crypto Use

Indonesia is still making significant progress in the global digital asset industry. It just placed seventh in the 2025 Global Crypto Adoption Index. Indonesia’s most recent action regarding the digital rupiah’s companion stablecoin underscores its commitment to being a leader in digital finance and regulation.

This is because an increasing number of people are interested in blockchain, DeFi, and even Bitcoin as a potential reserve asset.