Wu said that according to the Binance announcement, Binance will stop supporting all BIDR products and services, and recommends that users convert their BIDR assets to other available assets before 16:00 on August 20, 2024. Binance will remove BIDR spot trading pairs and related products from 11:00 on May 17. BIDR is a stablecoin pegged to the Indonesian rupiah (IDR) supported by Binance and Tokocrypto, a regulated digital currency exchange in Indonesia.