XIDR

XIDR

What is XIDR? XIDR is the fully collateralised Indonesian Rupiah stablecoin, powered by open-source blockchain protocols. XIDR aims to be the most cost-effective IDR-backed stablecoin, where minting and redemption of XIDR with IDR is available via the StraitsX platform for free, and where outbound on-chain transaction fees are capped. Which blockchains support XIDR? XIDR tokens are available on two distinct blockchain protocols. XIDR (ERC-20) tokens are available on the Ethereum blockchain and can be stored with any ERC-20 compatible wallet. XIDR (ZRC-2) tokens run on the Zilliqa blockchain as ZRC-2 tokens and can be stored with any ZRC-2 compatible wallet. Who issues XIDR? XIDR is issued by PT Xfers StraitsX Indonesia, an Indonesian subsidiary of Fazz Financial Group Pte Ltd, Singapore. How can I use XIDR? Use XIDR as a stable store of value and unit of account denominated in Indonesian Rupiah (IDR) in digital assets markets. Send Indonesian Rupiah on the Blockchain Make near-instant, low cost transfers of XIDR globally, 24/7 in a trusted and secure manner without the need for a 3rd party clearing agent. Interoperable across Digital Asset Markets Transfer, spend and receive XIDR with StraitsX partners across multiple blockchains and a wide range of supported applications. Supported by DeFi Protocols Leverage XIDR in Decentralised Finance applications or “DeFi”. Swap or provide liquidity with XIDR to take part in the future of finance. Where can I get XIDR? Individuals can mint and redeem XIDR on the StraitsX platform and spend XIDR with StraitsX partners. For a full list of supported platforms and applications, visit straitsx.com.