Crypto
Indonesia Launches USDX Stablecoin with Dollar-Backed Reserves
USDX, a U.S. dollar-denominated stablecoin issued by PT Macan Asia Finance, provides digital access to U.S. dollar value within Indonesia's financial and digital asset ecosystem.
Each USDX is backed 1:1 by U.S. dollar cash reserves held at Bank BNI.
USDX is designed for digital asset settlement, cross-border transactions, treasury management, and institutional use, with a focus on providing a compliant and practical USD-denominated digital asset solution aligned with Indonesia's regulatory framework.