XIDR price

XIDR

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XIDR tokens are available on two distinct blockchain protocols.

XIDR (ERC-20) tokens are available on the Ethereum blockchain and can be stored with any ERC-20 compatible wallet.

XIDR (ZRC-2) tokens run on the Zilliqa blockchain as ZRC-2 tokens and can be stored with any ZRC-2 compatible wallet.

XIDR represents a stablecoin closely tied to the Indonesian Rupiah, ensuring its value mirrors that of the national currency. This digital asset is designed to offer a stable medium of exchange and store of value for users, particularly within the Indonesian market and beyond. It operates on the Ethereum and Zilliqa blockchains, making it accessible across different digital environments and ensuring compatibility with a wide range of wallets and platforms.

The creation and management of XIDR fall under the purview of a licensed entity, recognized for its adherence to regulatory standards and commitment to providing secure financial services. This institution ensures that each XIDR token is fully backed by Indonesian Rupiah, offering transparency and trust to its users.

XIDR's utility extends beyond simple transactions; it serves as a bridge in the decentralized finance (DeFi) ecosystem, facilitating seamless and cost-effective transfers of value across borders without the need for traditional banking systems. This capability positions XIDR as a pivotal component in the growing digital economy, enabling participation in DeFi applications, liquidity provision, and asset swaps.

For individuals looking to engage with XIDR, the process is straightforward. The token can be minted or redeemed directly through the issuing platform, providing a direct link between digital assets and traditional currency. Furthermore, its integration with various DeFi protocols and platforms expands its usability, allowing users to transact, invest, and manage their finances in a decentralized manner.

In summary, XIDR offers a stable, efficient, and versatile digital currency solution, anchored in the Indonesian Rupiah, and designed to meet the needs of a diverse range of financial activities in the digital age. Its support across multiple blockchains and integration with DeFi applications underscore its potential to contribute significantly to the future of finance.

XIDR, the Indonesian Rupiah stablecoin, ensures security through a multifaceted approach. This digital currency leverages both technical and physical security measures to safeguard its ecosystem. These measures include strict internal and external reviews to ensure compliance and security standards are met. Additionally, XIDR incorporates multiple levels of security within its platform, such as login/logout options and an application lock feature, enhancing user account safety.

The Xiden network, responsible for issuing XIDR, further fortifies security with high cyber security features. This network is designed to protect against third-party manipulation, ensuring the integrity and reliability of transactions. Moreover, XIDR employs Extended Detection and Response (XDR) solutions, which provide a comprehensive security strategy by integrating various data sources for threat detection and response. Endpoint security measures are also implemented to protect devices connected to the XIDR network, preventing unauthorized access and cyber threats.

Managed XDR services play a crucial role in the continuous monitoring and management of the network's security posture. These services enable the proactive identification and mitigation of potential security risks, ensuring the ongoing protection of the XIDR ecosystem.

XIDR's commitment to security is evident in its robust infrastructure, designed to provide a secure and reliable platform for users to mint, redeem, and transact with the IDR-backed stablecoin. Users are encouraged to conduct their own research and consider the security features of XIDR when deciding to engage with this digital asset.

XIDR, as a stablecoin pegged to the Indonesian Rupiah, serves multiple functions within the digital asset ecosystem. It is designed to offer a stable store of value and a unit of account for users who wish to transact with the stability of the IDR in a digital format. This stablecoin facilitates various activities including trading, lending, and liquidity provision in decentralized finance (DeFi) applications, making it a versatile tool for users and developers alike.

The utility of XIDR extends to enabling near-instant, low-cost transfers globally, operating 24/7 in a secure manner without the need for traditional third-party clearing agents. This feature is particularly beneficial for users seeking efficient and reliable means of sending and receiving Indonesian Rupiah across borders.

Moreover, XIDR's interoperability across digital asset markets enhances its appeal. It can be transferred, spent, and received with a wide range of partners across multiple blockchain protocols, thereby broadening its use cases and accessibility. The support of XIDR by DeFi protocols allows users to engage in swapping, liquidity provision, and other DeFi activities, contributing to the broader ecosystem of decentralized finance.

XIDR tokens are available on two major blockchain protocols, Ethereum and Zilliqa, as ERC-20 and ZRC-2 tokens respectively. This dual availability ensures that users have flexibility in choosing their preferred blockchain ecosystem based on their needs, whether it's for security, transaction speed, or cost-effectiveness.

Issued by PT Xfers StraitsX Indonesia, a subsidiary of Fazz Financial Group, XIDR aims to be the most cost-effective IDR-backed stablecoin. Users can mint and redeem XIDR via the StraitsX platform, which also offers free minting and redemption, along with capped outbound on-chain transaction fees, further enhancing its value proposition.

In summary, XIDR's multifaceted uses, from facilitating global transfers to enabling participation in DeFi, coupled with its backing by the Indonesian Rupiah and support across multiple blockchains, position it as a significant asset within the cryptocurrency market.

XIDR, the Indonesian Rupiah stablecoin, has experienced several significant milestones that underscore its growing presence in the digital currency landscape. One of the pivotal moments for XIDR was its collaboration with Zilliqa to launch a pilot stablecoin initiative. This partnership was aimed at exploring the potential of blockchain technology in enhancing the functionality and reach of stablecoins like XIDR.

Another noteworthy achievement for XIDR was being recognized as a finalist in the Global CBDC Challenge organized by the Monetary Authority of Singapore. This acknowledgment highlights XIDR's potential contributions to the evolving central bank digital currency (CBDC) ecosystem and its commitment to innovation in financial technology.

XIDR's integration into various blockchain networks further demonstrates its adaptability and the growing acceptance of stablecoins as a secure and efficient means of transaction. The availability of XIDR on multiple blockchain protocols, including Ethereum and Zilliqa, ensures that users have flexible options for storing and transacting with XIDR in a digital environment.

The participation of XIDR in conferences and events within the cryptocurrency community has also played a crucial role in its development. These platforms provide opportunities for engagement, knowledge sharing, and networking, contributing to the broader understanding and adoption of XIDR.

As XIDR continues to evolve, it remains essential for individuals interested in digital currencies to stay informed about the latest developments and trends. While XIDR offers a stable and efficient means of transaction, it's important to conduct thorough research and consider various factors before engaging with any digital currency.