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

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.