StraitsX Indonesia Rupiah XIDR
The XIDR token is collateralized with Indonesian Rupiah stored in StraitsX reserve to ensure that the token value will always be at a 1-to-1 peg to Indonesian Rupiah. By adopting distributed ledger technology, XIDR tokens receive multi-chain support through both the Zilliqa (ZRC2) and Ethereum (ERC-20) blockchains. Zilliqa’s scalability, security, transaction finality, and smart contract features make it a platform of choice for StraitsX’s stablecoin initiative. Users can expect the XIDR (ZRC2) tokens to have high velocity, to be safe from hacks and programming errors and to be interoperable with the Zilliqa ecosystem. The release of the XIDR (ERC-20) token on the Ethereum protocol improves on XIDR’s interoperability by enabling it to also grow at scale within the most widespread and adopted smart contract open platform.