StraitsX Indonesian Rupiah
| StraitsX Indonesian Rupiah | |
|---|---|
| Ticker symbol | XIDR |
| Development | |
| Initial release | 18 November 2021 |
| Website | straitsx.com |
Search StraitsX Indonesian Rupiah on Amazon.
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[edit]
XIDR runs on multiple blockchains, such as Ethereum, Polygon, and Zilliqa.[2][1][3]
Reserves[edit]
Each XIDR is backed by one Indonesian Rupiah that is being held and safeguarded in a regulated financial institution in Indonesia.[2]
See also[edit]
References[edit]
- ↑ 1.0 1.1 "Singapore's StraitsX launches rupiah-denominated stablecoin". The Jakarta Post. Retrieved 23 November 2021.
- ↑ 2.0 2.1 2.2 "StraitsX Indonesian Rupiah (XIDR)". StraitsX.
- ↑ 3.0 3.1 "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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