INRGrid Stable

Bridging the gap between CeFi & DeFi, INRC brings an exclusive use case to Indian Central Bank Digital Currency (CBDC) by integrating INRC and CBDC wallets. CBDC users can avail access to the Web3 with INRC instead of using USD-backed markets. This initiative solves the dollarisation problem for the Indian Web3 ecosystem. All the on-ramp and off-ramp transactions between CBDC and INRC get recorded on top of the public distributed ledger.

INRC contracts manage the parity with CBDC and the redemption of stablecoin, which can be more solvent and available for transactions on exchanges and decentralised wallets while favouring interoperability. Users can transfer INR-backed tokens elsewhere to use them. All these transactions are available on top of the blockchain in the form of immutable ledger books. There is no time lapse to complete a transaction or withdraw funds. INRC facilitates on-chain transactions faster than existing stablecoins because of multichain operability and sharding tech-powered smart contracts. For KYC, we are using CashFree platform to stay fully-compliant as per the rule of law.