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INRx v1 Overview
Circulating Supply
1.01M INRXV1
INRx v1 News
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About INRx v1
INRx (INRX) is a stablecoin tied to the Indian Rupee, developed for the Indian market by the Deo Foundation. It serves as a reliable medium for transactions, remittances, and DeFi applications, promoting financial stability and inclusion. Founded in 2020 by Aman Vaths, INRx is accessible on several blockchain networks, including Binance Smart Chain, Ethereum, and Polygon.
INRx is primarily used as a stable medium of exchange, offering several use cases in India, such as everyday transactions, cross-border remittances, and decentralised finance (DeFi). Its rupee peg ensures that users can transact without facing exchange rate risks, particularly when compared to stablecoins pegged to foreign currencies like the US dollar. Additionally, INRx is utilised for e-commerce, investments, and savings opportunities. It also supports financial inclusion by providing a digital currency option for India's unbanked and underbanked populations.
INRx was created by the Deo Foundation, a decentralised organisation established to manage and oversee the stablecoin's operations. The project was initiated by Aman Vaths and the INRx Network, which launched in 2020.
INRx v1 Markets
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INRx v1 Platforms
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