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Rank #9BIDRFiat-Backed
BIDR
Pegged to
IDR
Market Cap
$50.00M
24h Volume
$5.00M
Circulating Supply
50.00M BIDR
Total Supply
50.00M BIDR
Peg Target
IDR
Collateral Type
Fiat-Backed
Issuer
Tokocrypto / Binance
Launch Date
01-11-2020
About BIDR
BIDR is an Indonesian Rupiah (IDR)-pegged stablecoin created through a collaboration between Binance and Tokocrypto, Indonesia's leading crypto exchange. BIDR allows Indonesian traders to trade crypto assets in their local currency without conversion fees. It operates on BNB Chain and is available for trading on both Binance and Tokocrypto platforms. BIDR serves as a gateway for the Indonesian market into the broader crypto ecosystem.
Supported Blockchains
Pros
- Direct IDR exposure without conversion
- Backed by major exchange (Binance)
- Low fees on BNB Chain
- Serves underbanked Indonesian market
Cons
- Very limited chain availability
- Low global liquidity
- Dependent on Binance/Tokocrypto ecosystem
- Minimal DeFi integration
Key Features
Indonesian Rupiah (IDR) peg
BNB Chain native token
Available on Binance and Tokocrypto
Local currency on-ramp for Indonesian users
Low transaction fees on BNB Chain
Regulated under Indonesian frameworks
Stablecoin Information
Category
Fiat-BackedCollateral Type
Fiat-BackedIssuer
Tokocrypto / Binance