what's AUDC Pty Ltd?
AUDC Pty Ltd is an Australian fintech company focused on blockchain technology to bridge traditional finance and digital assets. It issues AUDD, the Australian Digital Dollar, a stablecoin fully collateralized by Australian dollars held in regulated bank accounts, ensuring 1:1 redeemability for fiat currency. This setup provides stability and compliance, allowing users to hold AUD-equivalent value on blockchain networks without volatility risks associated with other cryptocurrencies. AUDD operates across multiple blockchains such as Ethereum, Base, and Hedera, facilitating seamless, low-cost transactions for payments, remittances, and DeFi applications. By partnering with exchanges like Coinbase and leveraging networks like Hedera for efficient settlement, AUDC enables compliant cross-border transfers and tokenization of real-world assets, promoting broader adoption of stablecoins in the Australian and global markets.
AUDD supply on Base network shows multiple increases since September.
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Granted a regulated digital dollar license on the XRP Ledger, enabling banks to use a compliant AUD stablecoin onchain.
On-chain supply of AUDD increases in multiples from September on Base network.
AUDD goes live on Base Layer 2 network, joining 15 other local stablecoins on the platform as part of Base's network of 16 currency stablecoins.
AUDD-USDC trading pair enters limit-only mode on Coinbase Exchange and Coinbase Advanced, restricting traders to limit orders only while market orders are disabled.
Launches on Coinbase exchange today alongside $XSGD stablecoin.
Australian Digital Dollar stablecoin launches on Hedera network.