StraitsX Indonesian Rupiah
StraitsX Indonesian Rupiah (XIDR) is a digital stablecoin pegged to the Indonesian Rupiah. XIDR is issued by PT Xfers StraitsX Indonesia, 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.


== Usage ==
XIDR runs on multiple blockchains, such as Ethereum, Polygon, and Zilliqa.


== Reserves ==
Each XIDR is backed by one Indonesian Rupiah that is being held and safeguarded in a regulated financial institution in Indonesia.


== See also ==
USD Coin (USDC)
StraitsX Singapore Dollar (XSGD)


== References ==