marketmadhouse.com
What Value do Non-US Dollar Stablecoins Offer? - Market Mad House
Hence, they can use XIDR for remittances. Remittances are money Indonesians working overseas send back home. This could be an extensive business. Indonesians received $9.4 billion in remittances in 2021, Statista estimates. The value of Indonesian remittances fell from $11.67 billion in 2019 and $9.65 billion in 2020. Theoretically, people could use StraitsX to buy USD Coin (USDC) remittances. StraitsX could convert the remittances into XIDR people could make purchases with in Indonesia. Moreover, you could cash XIDR out for Rupiah at ATMs.
daniel