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About XIDR
Key Points
- XIDR is a fully collateralized Indonesian Rupiah stablecoin powered by open-source blockchain protocols.
- XIDR is available on two blockchain protocols: Ethereum (ERC-20) and Zilliqa (ZRC-2).
- XIDR is issued by PT Xfers StraitsX Indonesia, a subsidiary of Fazz Financial Group Pte Ltd, Singapore.
- XIDR can be used as a stable store of value and unit of account denominated in Indonesian Rupiah (IDR) in digital assets markets.
- XIDR can be minted and redeemed on the StraitsX platform with free minting and redemption, and capped outbound on-chain transaction fees.</
About XIDR
XIDR is a decentralized, open-source, and community-driven cryptocurrency project that leverages the power of blockchain technology to create a robust, secure, and transparent ecosystem.
Introducing XIDR: A Revolutionary Digital Asset
XIDR is a fully collateralized Indonesian Rupiah stablecoin, harnessing the power of open-source blockchain protocols. By providing a seamless minting and redemption process with IDR via the StraitsX platform, free of charge, and capping outbound on-chain transaction fees, XIDR strives to be the most cost-effective IDR-backed stablecoin.
Supported Blockchains for XIDR
XIDR tokens are conveniently accessible across two disparate blockchain protocols, offering a unique degree of versatility and flexibility.
XIDR tokens, built on the Ethereum blockchain and conforming to the ERC-20 standard, can be seamlessly stored in any wallet that supports ERC-20 compatibility.
XIDR tokens, built on the Zilliqa blockchain as ZRC-2 tokens, can be seamlessly stored in any wallet that supports ZRC-2 compatibility.
Who is Behind the Issuance of XIDR?
XSGD is proudly issued by PT Xfers StraitsX Indonesia, a subsidiary of the esteemed Fazz Financial Group Pte Ltd, headquartered in Singapore.
Unlocking the Power of XIDR: A Comprehensive Guide to Getting Started
Leverage XIDR as a reliable store of value and a standardized unit of account, pegged to the Indonesian Rupiah (IDR), within the realm of digital assets markets.
Acquiring XIDR: A Comprehensive Guide
On the StraitsX platform, individuals have the flexibility to mint and redeem XIDR, which can be seamlessly spent with StraitsX’s esteemed partners. For a comprehensive list of supported platforms and applications, please visit straitsx.com.
Unlock Seamless Cross-Border Transactions: Send Indonesian Rupiah on the Blockchain
Execute rapid, low-cost global transfers of XIDR around the clock, 24/7, with utmost trust and security, eliminating the need for intermediaries.
Seamless Interoperability Across Diverse Digital Asset Markets
Seamlessly transfer, spend, and receive XIDR across a multitude of blockchains and a diverse array of supported applications, all in partnership with StraitsX.
Empowered by the Pioneering Spirit of DeFi Protocols
Unlock the potential of XIDR in Decentralized Finance (DeFi) applications, where you can seamlessly swap or provide liquidity, paving the way for a revolutionary future in finance.
Introducing XIDR: A Revolutionary Digital Asset
XIDR embodies a stablecoin intricately linked to the Indonesian Rupiah, thereby mirroring the value of the national currency. This digital asset is meticulously designed to provide a stable medium of exchange and a reliable store of value for users, primarily catering to the Indonesian market and extending beyond. By leveraging the Ethereum and Zilliqa blockchains, XIDR ensures seamless accessibility across diverse digital ecosystems, while maintaining compatibility with a broad spectrum of wallets and platforms.
The creation and management of XIDR are overseen by a licensed entity, renowned for its unwavering commitment to regulatory compliance and provision of secure financial services. This esteemed institution guarantees that each XIDR token is fully collateralized by Indonesian Rupiah, thereby fostering transparency and trust among its users.
XIDR’s utility transcends mere transactions, functioning as a linchpin in the decentralized finance (DeFi) ecosystem, where it facilitates frictionless and cost-effective cross-border value transfers, obviating the need for traditional banking systems. This capability establishes XIDR as a cornerstone in the burgeoning digital economy, empowering participation in DeFi applications, liquidity provision, and asset swaps.
For individuals seeking to engage with XIDR, the process is remarkably straightforward. The token can be seamlessly minted or redeemed directly through the issuing platform, thereby establishing a direct conduit between digital assets and traditional currency. Moreover, its integration with a diverse array of DeFi protocols and platforms significantly expands its usability, thereby empowering users to transact, invest, and manage their finances in a decentralized and autonomous manner.
In summary, XIDR presents a stable, efficient, and versatile digital currency solution, pegged to the Indonesian Rupiah, and tailored to cater to the diverse financial needs of the digital era. Its multi-blockchain compatibility and seamless integration with DeFi applications underscore its immense potential to revolutionize the future of finance.
XIDR’s Security Framework: A Robust Defense Mechanism
XIDR, the Indonesian Rupiah-pegged stablecoin, ensures the utmost security through a multi-layered approach. This digital currency leverages a synergy of technical and physical security measures to fortify its ecosystem. Stringent internal and external audits are conducted to ensure unwavering compliance with the highest security standards. Furthermore, XIDR’s platform is reinforced with multiple tiers of security, including login and logout options, as well as an application lock feature, thereby significantly enhancing the safety and integrity of user accounts.
The Xiden network, tasked with issuing XIDR, boasts robust cybersecurity features that provide an additional layer of protection. This network is meticulously designed to safeguard against third-party manipulation, thereby ensuring the integrity and reliability of transactions. Furthermore, XIDR leverages Extended Detection and Response (XDR) solutions, which employ a multifaceted security strategy by aggregating diverse data sources for threat detection and response. Additionally, stringent endpoint security measures are implemented to shield devices connected to the XIDR network, effectively preventing unauthorized access and mitigating cyber threats.
Managed XDR services assume a vital function in perpetually monitoring and governing the network’s security stance. By facilitating the proactive detection and mitigation of latent security threats, these services ensure the sustained safeguarding of the XIDR ecosystem.
XIDR’s unwavering dedication to security is exemplified in its robust infrastructure, meticulously designed to provide a secure and reliable platform for users to mint, redeem, and transact with the IDR-backed stablecoin. As part of their due diligence, users are encouraged to conduct their own research and carefully consider the comprehensive security features of XIDR when deciding to engage with this digital asset.
In What Ways Will XIDR Be Utilized?
XIDR, a stablecoin pegged to the Indonesian Rupiah, assumes a multifaceted role within the digital asset ecosystem. It is meticulously designed to provide a stable store of value and a reliable unit of account, catering to users seeking to transact with the stability of the IDR in a digital format. This innovative stablecoin facilitates a diverse range of activities, including trading, lending, and liquidity provision in decentralized finance (DeFi) applications, thereby emerging as a versatile tool for both users and developers.
The utility of XIDR is further underscored by its ability to facilitate near-instant, low-cost global transfers, operating 24/7 with unwavering security, thereby eliminating the need for traditional third-party clearing agents. This feature is particularly advantageous for users seeking efficient and reliable means of sending and receiving Indonesian Rupiah across international borders.
Furthermore, XIDR’s interoperability across digital asset markets significantly enhances its appeal, facilitating seamless transfer, spending, and receipt across a diverse range of partners spanning multiple blockchain protocols. This, in turn, expands its use cases and accessibility. The support of XIDR by DeFi protocols empowers users to participate in swapping, liquidity provision, and other DeFi activities, thereby contributing to the rich tapestry of the decentralized finance ecosystem.
XIDR tokens boast a unique dual presence on two prominent blockchain protocols, Ethereum and Zilliqa, existing as ERC-20 and ZRC-2 tokens, respectively. This strategic availability affords users the flexibility to select their preferred blockchain ecosystem, tailored to their specific requirements, whether prioritizing security, transaction speed, or cost-effectiveness.
Issued by PT Xfers StraitsX Indonesia, a subsidiary of Fazz Financial Group, XIDR is poised to revolutionize the digital landscape as the most cost-effective IDR-backed stablecoin. Through the StraitsX platform, users can seamlessly mint and redeem XIDR, enjoying the benefits of free minting and redemption, as well as capped outbound on-chain transaction fees, thereby significantly enhancing its overall value proposition.
In summary, XIDR’s diverse applications, spanning seamless global transactions to DeFi engagement, bolstered by its Indonesian Rupiah backing and interoperability across multiple blockchain networks, solidify its stature as a prominent asset within the cryptocurrency landscape.
What pivotal milestones have shaped the trajectory of XIDR?
XIDR, the Indonesian Rupiah-pegged stablecoin, has achieved several notable milestones, solidifying its burgeoning presence within the digital currency ecosystem. A pivotal moment in XIDR’s trajectory was its groundbreaking collaboration with Zilliqa, which entailed the launch of a pilot stablecoin initiative. This strategic partnership sought to harness the transformative potential of blockchain technology in augmenting the functionality and scope of stablecoins, such as XIDR.
XIDR has garnered significant recognition as a finalist in the prestigious Global CBDC Challenge, hosted by the Monetary Authority of Singapore. This esteemed acknowledgment underscores XIDR’s promising contributions to the rapidly evolving central bank digital currency (CBDC) ecosystem, while reaffirming its dedication to driving innovation in financial technology.
XIDR’s seamless integration across multiple blockchain networks underscores its adaptability and the burgeoning recognition of stablecoins as a secure and efficient medium of exchange. The availability of XIDR on diverse blockchain protocols, including Ethereum and Zilliqa, provides users with flexible options for storing and transacting with XIDR in a digital ecosystem, thereby fostering a more inclusive and dynamic financial landscape.
The involvement of XIDR in prominent conferences and events within the cryptocurrency sphere has been instrumental in its growth and development. These esteemed platforms offer a fertile ground for meaningful engagement, knowledge sharing, and networking, thereby fostering a deeper understanding and widespread adoption of XIDR.
As XIDR continues to evolve, it is crucial for individuals interested in digital currencies to remain abreast of the latest advancements and trends. While XIDR provides a stable and efficient transactional framework, it is essential to conduct exhaustive research and carefully consider various factors before engaging with any digital currency.