Bank Indonesia (BI) is advancing its central bank digital currency (CBDC) project with a new model that integrates stablecoin mechanics, making the upcoming digital rupiah one of the world’s first sovereign digital currencies backed by government bonds. The initiative, announced by BI Governor Perry Warjiyo at the Indonesia Digital Finance and Economy Festival and Fintech Summit 2025 in Jakarta, represents a major step in the nation’s financial digitalization under Project Garuda. Can Government Bonds Ma ...