General
INRY is India's first institutional-grade INR-pegged stablecoin. Each INRY token is backed 1:1 by Indian Rupees held in regulated bank accounts, providing a stable, reliable digital representation of INR for payments, trading, and settlements.
INRY is specifically designed for the Indian market with INR backing, a compliance-first program, and integration with Indian banking rails like UPI and NEFT. Unlike USD stablecoins, INRY eliminates forex conversion costs and provides instant INR liquidity.
INRY follows a compliance-first approach and maintains strict AML/KYC controls. We work with legal experts to ensure our operations meet applicable Indian financial regulations.
Buying & Minting
You can mint INRY directly on our platform by completing KYC, depositing INR via UPI/NEFT/IMPS, and receiving INRY 1:1 in your wallet. You can also buy INRY on partner exchanges.
The minimum minting amount is ₹100. For enterprise accounts, there is no maximum limit. Individual accounts have a daily limit of ₹10 lakhs which can be increased upon request.
Minting and redemption fees are 0.1% each. Blockchain network fees (gas) apply for on-chain transfers. There are no fees for holding INRY tokens.
Once your INR deposit is confirmed, INRY tokens are minted instantly (within seconds). UPI deposits are typically instant, while NEFT/IMPS may take a few minutes to confirm.
Security & Reserves
Every INRY token is backed 1:1 by INR reserves held in segregated accounts with top Indian banks. Our reserves consist of 60% cash, 30% government bonds, and 10% overnight repo positions.
Yes. We publish daily automated attestations on-chain, weekly proof-of-reserve snapshots, and quarterly audits by CertiK and SlowMist. Annual regulatory filings are submitted to Indian authorities.
INRY maintains its peg through 100% collateralization and arbitrage mechanisms. If market price deviates, users can always redeem INRY for ₹1 directly from us, which naturally restores the peg.
Technical
INRY is available on BNB Smart Chain (BEP-20). We plan to expand to additional chains based on user demand and security considerations.
Any BEP-20 compatible wallet works with INRY, including MetaMask, Trust Wallet, and hardware wallets like Ledger and Trezor.
Yes! We offer a comprehensive REST API for minting, redemption, transfers, and webhooks. Visit our API Documentation to get started.