| Denominations | |
|---|---|
| Code | XIDR |
| Development | |
| Initial release | 18 November 2021 |
| Website | |
| Website | straitsx.com |
StraitsX Indonesian Rupiah (XIDR) is a digital stablecoin pegged to the Indonesian Rupiah. XIDR is issued by PT Xfers StraitsX Indonesia,[1] which is an Indonesian subsidiary of Fazz Financial Group. In Singapore, as the subsidiary of Fazz Financial Group, Xfers is a Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) for e-money issuance.[2][3]
Usage
XIDR runs on multiple blockchains, such as Ethereum, Polygon, and Zilliqa.[2][1][3]
Reserves
Each XIDR is backed by one Indonesian Rupiah that is being held and safeguarded in a regulated financial institution in Indonesia.[2]
See also
References
- 1 2 "Singapore's StraitsX launches rupiah-denominated stablecoin". The Jakarta Post. Retrieved 23 November 2021.
- 1 2 3 "StraitsX Indonesian Rupiah (XIDR)". StraitsX.
- 1 2 "Introducing StraitsX Indonesian Rupiah (XIDR), the first Indonesian Rupiah fiat-backed stablecoin on Ethereum and Zilliqa blockchain". StraitsX. Retrieved 18 November 2021.
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