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Nael's Base Journey: Pioneering Indonesia's Onchain Economy with IDRX Stablecoin

Nael's Base Journey: Pioneering Indonesia's Onchain Economy with IDRX Stablecoin

If you're into the world of blockchain and crypto, you've probably heard of Base, an Ethereum Layer 2 network built by Coinbase that's making waves for its low-cost, high-speed transactions. Recently, a tweet thread from Nael, the CEO of IDRX Stablecoin (@nael_idrx on X), caught our eye at Meme Insider. It's not just another post—it's a personal story of how one builder is pushing Indonesia deeper into the onchain economy. Let's break it down.

Nael kicked off his thread by quoting Nick (@Nibel_eth), who shared his own path from traditional finance (TradFi) to becoming a key player in Base's growth in Asia. Nick's story includes stints at big banks like JPMorgan and Citi, starting his own startup, and eventually joining Base's global team. It's inspiring stuff for anyone transitioning into crypto.

Group photo of builders at a Base event under an orange tree decoration

But Nael's reply is where things get really interesting for the Indonesian crypto scene. He lists out his achievements in bringing Base to Indonesia:

  • He organized the first Onchain Summer event in Bali back in 2024. (Onchain Summer is Base's annual celebration of building and adopting blockchain tech, think hackathons, meetups, and tons of community vibes.)

  • Hosted three community meetups in Jakarta to rally local builders.

  • Introduced IDRX, the pioneering Rupiah stablecoin, to Base. For the uninitiated, a stablecoin is a type of cryptocurrency designed to maintain a stable value, usually pegged to a fiat currency like the US dollar—or in this case, the Indonesian Rupiah (IDR). IDRX is backed 1:1 by IDR reserves, making it a reliable tool for transactions without the wild price swings of other cryptos.

Two smiling individuals posing with drinks at a vibrant crypto networking event

Nael also mentioned meeting key Base figures like Jesse Pollak (Base's creator), David Tsocy, and others at Devcon 2024 in Thailand. Devcon is Ethereum's big developer conference, a hotspot for innovation in the space.

He co-established @baseindo, the Indonesian arm of Base, alongside other regional leaders, and now advises them. Plus, he's helped onboard other Asian stablecoins to Base and supported local Indonesian developers to build on the platform.

The thread wraps up with excitement about Base's growth in Asia, complete with a salute emoji 🫡. It's clear Nael sees huge potential here.

Two people taking a selfie in a crowded conference setting

Tying this back to the bigger picture, Nael's work aligns perfectly with recent announcements. Just look at the attached screenshot in his post: Jesse Pollak himself tweeted about Indonesia joining the Base economy via IDRX, placing it alongside heavyweights like USDC and EURC. This means Indonesian users can now enjoy faster, cheaper global payments in their local currency— a game-changer for the millions already adopting onchain tech.

IDRX isn't just another token; it's regulated, audited (shoutout to Certik for the security checks), and focused on real-world utility like instant settlements and near-zero fees. As per their site idrx.co, it's all about bridging traditional finance with Web3, available on multiple chains and DeFi platforms like Aerodrome Finance and Uniswap.

Polaroid photo labeled 'Base Singapore' featuring two people at an event Screenshot of Jesse Pollak's tweet announcing IDRX on Base

Why does this matter for meme token enthusiasts? Well, stablecoins like IDRX provide the stable rails that make trading volatile assets (yes, including your favorite memes) smoother and more accessible. With Base's low gas fees and growing ecosystem, it's easier than ever for Indonesian creators to launch and trade meme coins without getting hit by high costs.

Nael's journey shows how grassroots efforts can scale into major ecosystem wins. If you're in Asia or interested in emerging markets, keep an eye on Base and projects like IDRX—they're paving the way for a more inclusive onchain world.

For more updates on meme tokens and blockchain news, stick with Meme Insider. What's your take on local stablecoins boosting meme adoption? Drop your thoughts in the comments!

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