TechFlow news, according to the Australian Financial Review citing sources, National Australia Bank has created an Australian dollar-pegged stablecoin AUDN, fully backed by Australian fiat currency holdings. The stablecoin will be made available to retail and institutional investors on the Ethereum and Algorand blockchains, allowing commercial clients to settle transactions in Australian dollars. The bank aims to launch trading by mid-year, including applications in carbon credit trading and remittances. Source link
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