Binance IDR (BIDR)
A Collateralized Indonesian Rupiah Stablecoin.- Binance IDR (BIDR) is a token issued by Tokocrypto with a price pegged to the Indonesian Rupiah at a 1:1 rate.
- BIDR is at all times 100% backed by the same amount of IDR that is held in a segregated bank account of Tokocrypto, with monthly audits.
- BIDR is issued on Binance Chain as a BEP-2 token and is available on multiple exchanges like Binance.com and tokocrypto.com
- Tokocrypto itself uses Binance Cloud to directly cater towards Indonesian users, yet leverage core functionality of the Binance exchange, such as its matching engine and shared liquidity.