Binance and Tokocrypto Jointly Supports Rupiah-Backed Stablecoin – BIDR for Indonesian

Binance, the largest crypto exchange in the world has supported Rupiah-Backed Stablecoin – Binance IDR (BIDR) together with Tokocrypto, according to a company blog post.

Binance plans to integrate BIDR into the global ecosystem, but doesn’t have details and listing timelines of BIDR.

Binance IDR (BIDR), a BEP2 stablecoin pegged to the Indonesian Rupiah (IDR). BIDR will be available for direct purchase and redemption at a rate of 1 BIDR = 1 IDR.

Tokocrypto Digital Exchange is the leading regulated and one of the largest digital exchanges in Indonesia, invested by Binance this month. Recently, Tokocrypto has launched Tokocrypto 2.0, an upgraded cryptocurrency exchange powered by Binance Cloud, an infrastructure solution for customers and partners to launch digital asset exchanges leveraging Binance’s industry-leading technology, security and liquidity.

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