IDRX is PT IDRX Indo Inovasi's centralized rupiah stablecoin, backed 1:1 by IDR fiat reserves and Indonesian government bonds with KYC-gated mint and redeem. The static profile records its Indonesian Rupiah peg mechanism as: Direct 1:1 mint and redemption of IDRX for Indonesian rupiah through IDRX platform after KYC verification; native multichain deployment with built-in bridge functions.

As of Nov 8, 2026, Pharos grades IDRX C- (53/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.

Pharos records IDRX's reserves as of Sep 30, 2026 as 69.3% IDR bank deposits at PT Bank Ina Perdana Tbk, 16.6% ORI030 Indonesian government security, 6.6% IDR balance held at Duitku (PT Kharisma Catur Mandala), and 5 smaller holdings. Reserve evidence: Agreed-Upon Procedures, latest period ending Sep 30, 2026. Pharos classifies the backing as Real-World Asset Backed.

Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.

Under the route Pharos reviewed on Apr 3, 2026, customers the issuer has verified can redeem IDRX for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.