INRx is a stablecoin developed by the INRx Foundation, operating on multiple blockchains including Binance Smart Chain (BSC), Ethereum, and Polygon. It was launched in 2023 and is designed to function with a collateral reserves mechanism, ensuring its stability. The stablecoin is used for various financial transactions and can be converted from USDT with an instant 10% bonus, as part of promotional efforts.
INRx is part of a broader plan that includes developing a stablecoin-based public blockchain with stable transaction fees. The idea for INRx was generated by Aman Vaths, and the official website for INRx is inrx.io.