BI to Create National Stablecoin, Crypto Industry Players Speak Out

JAKARTA - Crypto activity in Indonesia continues to show rapid growth. According to the latest State of Crypto 2025 report, Indonesia ranks among the countries with the most significant growth in mobile crypto wallet users since 2022.

In response to this growth, Bank Indonesia (BI) plans to develop a national stablecoin based on government securities (SBN), built on a digital rupiah CBDC.

Commenting on the plan, Tokocrypto CEO Calvin Kizana considered it a strong signal that Indonesia is not only a market but is also beginning to build a technological and policy foundation that supports the sustainable growth of the digital ecosystem.

"The combination of massive retail adoption and policy innovations such as a national stablecoin is a crucial momentum to bring this industry to a more mature phase," said Calvin in a statement.

According to Calvin, synergy between the private sector and regulators is key to ensuring the healthy and transparent development of the crypto ecosystem in Indonesia.

"With the active role of Bank Indonesia and the Financial Services Authority (OJK), as well as infrastructure support from industry players, Indonesia has the potential to become one of the centers of the blockchain-based digital economy in Southeast Asia," he added.

He emphasized that the integration between the organic growth of crypto users and national digital policies such as CBDC and rupiah stablecoins is expected. capable of creating a more inclusive, efficient, and resilient financial system against global volatility.

"A national stablecoin can bridge the gap between the traditional financial system and the blockchain-based digital economy. This step will strengthen public trust in local digital assets and open up significant opportunities for Web3 innovation and asset tokenization in Indonesia," he concluded.