Binance lists BIDR, stablecoin pegged to Indonesian Rupiah

The new stablecoin will be available on Binance on June 1.
It is the first non-dollar stablecoin on the platform.

Tanya Abrosimova Independent Analyst

One of the world’s largest cryptocurrency exchanges Binance launches a new sablecoin backed by Indonesian Rupiah (IDR). The new coin will be listed under the ticker BIDR, and it will be pegged to IDR 1:1. BIDR will be jointly supported by Binance and Tokocrypto.

Initially, the coin will be available for trading in BTC/BIDR, ETH/BIDR, BNB/BIDR, BUSD/BIDR and USDT/BIDR, which will start at 8:00 AM (UTC) on June 1, 2020. Currently, Binance users can start depositing BIDR to get ready for trading.

Binance IDR (BIDR) is a BEP2 stablecoin pegged 1:1 to the Indonesian Rupiah (IDR), jointly supported by Binance and Tokocrypto.

BIDR will join the long list of stablecoins available on Binance. Currently, the users of the cryptocurrency exchange can trade Paxos Standard Token (PAX), TrueUSD (TUSD), USD Coin (USDC), StableUSD (USDS) and Tether (USDT). However, all of them are pegged to the US Dollar, while BIDR is backed by Indonesian Rupiah.

Stablecoins are a type of cryptocurrencies that combine the benefits of digital assets and stability of the traditional assets. Their value is pegged to a value of fiat currency 1:1, which means a user can purchaser 1 stablecoin with 1 unit of the asset it is pegged to. Currently there are over 170 stablecoins and most of them are tied to the US Dollar.

Recently, the head of Binance Chanpeng Zhao noted that stablecoins were often used for donations, which would drive the mass adoption of digital assets.

Author

Tanya Abrosimova

Independent Analyst

Injective token surges over 13% following the approval of the mainnet upgrade proposal

Injective price rallies over 13% on Thursday after the network confirmed the approval of its IIP-619 proposal. The green light for the mainnet upgrade has boosted traders’ sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine architecture and enhance its capabilities to support next-generation payments.

Solana Price Forecast: SOL slips below $82 as hawkish Fed tone sparks risk-off sentiment

Solana is trading below $82 at the time of writing on Thursday after failing to break out of the upper consolidation range over the weekend. The Minutes from the Federal Open Market Committee on Wednesday kept interest rates unchanged, but a less dovish tone that followed dampened risk appetite and pressured risky assets.

Warren warns crypto bailout would enrich Trump family biz: Report

Senate Banking Committee ranking member Elizabeth Warren has reportedly sent a letter to Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell, urging them not to bail out “cryptocurrency billionaires” with taxpayer dollars.

Top Crypto Gainers: World Liberty Financial, Sky, and Cosmos confront major resistance

World Liberty Financial, Sky, and Cosmos rank among the top gainers over the last 24 hours but face critical overhead resistance levels. WLFI gained momentum at the World Liberty Forum, an invite-only conference held at Mar-a-Lago by US President Donald Trump’s family, while SKY and ATOM reversed off a crucial support level.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.