XIDR is the fully collateralized Indonesian Rupiah stablecoin, powered by open-source blockchain protocols. XIDR is backed one for one with Indonesian Rupiah.
All balances in your StraitsX account will be reflected as XIDR.
When you make an Indonesian Rupiah transfer into your StraitsX account, we will reflect your balance as XIDR. Similarly, when you make a request to transfer XIDR out to your bank account, we will send an equivalent amount of Indonesian Rupiah to your bank account.
XIDR tokens will always be redeemable one for one with IDR on the StraitsX platform.
No fee will be incurred when IDR is converted to XIDR and vice versa.