Binance and Tokocrypto exchanges have listed an Indonesian Rupiah-backed stablecoin – Binance IDR (BIDR). Exchange users can buy and redeem BIDR for 1 Indonesian rupiah each ($0.000070) per token. Binance and Tokocrypto, an Indonesian exchange, have recently listed a Rupiah-backed stablecoin – Binance IDR (BIDR). According to a recent announcement, the users of these two exchanges can now trade BIDR against Bitcoin (BTC), Binance Coin (BNB), Binance USD (BUSD), Tether (USDT) and Ether (ETH). They can also buy and redeem BIDR at a rate of one Indonesian rupiah each ($0.000070). BIDR is pegged to Indonesia’s fiat currency and runs on the Binance Chain. Changpeng Zhao, the CEO of Binance, said that this is the first stablecoin pegged to Indonesian Rupiah and was made possible through the collaboration between the two exchanges. Stablecoins […] are an important channel for fiat money to spread around the crypto ecosystem. […] BIDR, in particular, is especially important in supporting our growing number of users who are trading and buying cryptocurrencies with the Indonesian Rupiah. In May, Binance had invested in Tokocrypto, which is Indonesia’s first cryptocurrency exchange regulated by its Commodity Futures Trading Regulatory Agency. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next S&P 500 riding into make-or-break moment – CNBC’s Cramer FX Street 3 years Binance and Tokocrypto exchanges have listed an Indonesian Rupiah-backed stablecoin - Binance IDR (BIDR). Exchange users can buy and redeem BIDR for 1 Indonesian rupiah each ($0.000070) per token. Binance and Tokocrypto, an Indonesian exchange, have recently listed a Rupiah-backed stablecoin - Binance IDR (BIDR). According to a recent announcement, the users of these two exchanges can now trade BIDR against Bitcoin (BTC), Binance Coin (BNB), Binance USD (BUSD), Tether (USDT) and Ether (ETH). They can also buy and redeem BIDR at a rate of one Indonesian rupiah each ($0.000070). BIDR is pegged to Indonesia’s fiat currency and runs on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
