Australian fintech AUDC is taking steps to launch a New Zealand dollar-backed stablecoin to enable fast, low-cost trans-Tasman payments.Stablecoins are crypto assets whose value is typically pegged to a fiat currency. Unlike other cryptocurrencies, they are designed to maintain a stable value, allowing users to hold and transfer value digitally without exposure to significant price fluctuations.AUDC said its new stablecoin NZDSC would support real-time, 24/7 payments with “near instant” settlement.Unlocking efficiencyAUDC chief executive Effie Dimitropoulos says it is looking to facilitate institutional adoption of NZD-backed stablecoins.
Business · Fintech · Stablecoins
AUDC Plans New Zealand Dollar Stablecoin for Faster Trans-Tasman Payments
Australian fintech AUDC is launching a NZ dollar-backed stablecoin to enable fast, low-cost trans-Tasman payments with near-instant settlement.
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