[Lion Group Plans to Invest Up to $12 Million in Indonesian Stablecoin Developer PT Nusantara Bumi Sangkara] According to Crowdfundinsider, Nasdaq-listed company Lion Group Holding Ltd. plans to invest up to $12 million in Indonesian fintech company PT Nusantara Bumi Sangkara through Meili Capital Management Ltd. The investment will be made in exchange for 10% indirect economic interest via the issuance of common shares or equity-linked securities, with no cash payment involved in the transaction. Nusantara Bumi Sangkara is developing the Indonesian Rupiah stablecoin NIDR, which is pegged 1:1 to the Indonesian Rupiah and backed by reserve assets. The stablecoin aims to reduce cross-border payment costs and support blockchain-based financial services. The company has received regulatory approval or confirmation from the Indonesian Financial Services Authority and is expected to become one of the country's first compliant stablecoin issuers.