Lion Group Holding Ltd., a Nasdaq-listed company, plans to invest up to $12 million in Indonesian fintech firm PT Nusantara Bumi Sangkara through Meili Capital Management Ltd. The investment will be made in exchange for a 10% indirect economic interest via common stock or equity-linked securities, without any cash payment involved. PT Nusantara Bumi Sangkara is developing the NIDR stablecoin, pegged 1:1 to the Indonesian rupiah and backed by reserve assets. The stablecoin aims to reduce cross-border payment costs and support blockchain financial services. The company has received regulatory approval or confirmation from Indonesia's Financial Services Authority, positioning it as one of the country's first compliant stablecoin issuers.