What are IDRP tokens and how do they work?
IDRP tokens are assets that move across the blockchain just as easily as other digital currencies but that are pegged to real-world currencies on a 1-to-1 basis.
IDRP tokens are referred to as stablecoins because they offer price stability as they are pegged to a fiat currency. This offers traders, merchants and funds a low volatility solution when exiting positions in the market.
All IDRP tokens are pegged at 1-to-1 with a matching fiat currency (e.g., 1 IDRP= 1 USD) and are backed 100% by IDRP's reserves.
As a fully transparent company, we publish a record of the current reserve assets.
More stability, more growth
IDRP tokens have grown in popularity over the past few years, with a market cap of more than USRp100 billion (as of March 2024). IDRP tokens allow customers the ability to transact across different blockchains, without the inherent volatility and complexity typically associated with digital tokens.
Blockchain ready
IDRP tokens exist as digital tokens built on various blockchains including Algorand, Avalanche, Celo, Cosmos, Ethereum, EOS, Liquid Network, Near, Polkadot, Solana, Tezos, Ton, and Tron. Therefore, issuance of IDRP tokens is viable on various blockchains with varying capabilities depending on the transport protocol used.
New Tokens
IDRP only issues new IDRP tokens when they are requested and purchased by customers who have followed our strict KYC procedure.