XIDR is a fully collateralized stablecoin pegged to the Indonesian Rupiah, developed using open-source blockchain technology. It is designed to provide a cost-effective solution for users seeking a reliable IDR-backed digital currency. The minting and redemption processes for XIDR are facilitated through the StraitsX platform, allowing users to convert between XIDR and IDR without incurring any fees. This feature enhances accessibility and usability for individuals and businesses alike. Additionally, XIDR offers a capped fee structure for outbound on-chain transactions, promoting affordability and transparency in digital currency transfers. This makes it an attractive option for users looking to engage in cryptocurrency transactions involving the Indonesian Rupiah. Overall, XIDR aims to enhance the utility of the Indonesian Rupiah within the digital economy while providing users with a stable and efficient financial tool.