Bank Indonesia Plans National Stablecoin While LUNC Already Has Indonesia Coin Called IDTC
The Governor of Bank Indonesia, Perry Warjiyo, said the central bank is preparing to launch a national digital currency that will act like a stablecoin. This plan is part of Indonesia’s effort to move forward in digital finance.
At the Indonesia Digital Economy and Finance Festival & Indonesia Fintech Summit and Expo 2025 in Jakarta on October 30, Perry explained that Bank Indonesia will create digital rupiah and also digital securities linked to government bonds (SBN) as the base asset.
“We will issue Bank Indonesia securities in digital form, the digital rupiah with SBN as the underlying asset. This will be Indonesia’s version of a national stablecoin,” Perry said, as reported by CNBC Indonesia.
Bank Indonesia’s focus is to grow innovation, strengthen the digital finance industry, and keep the financial system stable.
A stablecoin is a digital currency that follows the value of a real-world currency such as the US dollar. It keeps a steady price, unlike other cryptocurrencies that move up and down quickly.
LUNC and Indonesia’s IDTC
Before this plan from Bank Indonesia, the Terra Classic (LUNC) blockchain already had an Indonesian stablecoin called IDTC. It was part of LUNC’s early vision to bring real-world crypto use to daily life through many local stablecoins from different countries.
In the past, LUNC had more than 20 types of stablecoins, including ones linked to China, South Korea, and Australia. The goal was to make it easier for people in each country to use digital currency in local transactions.
If the Indonesian government ever used IDTC as part of its national digital currency system, it could make LUNC’s daily trading volume grow fast. With Indonesia’s population of about 286 million people, it could have been a big step for LUNC to show its real use in daily payments.
But that chance is now gone. The stablecoins on the LUNC blockchain lost their peg, meaning they no longer follow their original currency value. Without a company or leader behind it, the LUNC network finds it hard to bring those stablecoins back.
Stablecoins Keep Growing Around the World
Even though LUNC lost its early lead, the use of stablecoins is growing quickly around the world. A report from a16zcrypto called State of Crypto 2025 says stablecoin transactions reached 46 trillion US dollars per year, close to the level of payment networks like Visa and PayPal.
Another report from Citigroup in April 2025 said stablecoins might soon enter a “mainstream moment,” similar to how ChatGPT changed the tech world. This is happening because governments and banks are now more open to using blockchain in financial systems, helped by clearer rules, especially in the United States.
For LUNC, stablecoins could still be the key to rebuilding trust and activity. If the community can restore value and connect with real-world finance again, LUNC could return to the stablecoin game it once started.
