StraitsX, the firm behind XSGD, the Singapore dollar-denominated stablecoin that is quickly becoming one of the most popular non-USD stablecoins, today announced the debut of the XIDR, an Indonesian rupiah-denominated stablecoin. Due to the fact that most significant equities on the board are state-owned and have delivered only stagnant returns, with the Jakarta Post saying that the country now has more crypto investors than stock investors.