AUDC Pty Ltd has announced the official launch of AUDD, an Australian dollar-backed stablecoin, on the Hedera blockchain. This launch marks a significant event in the world of digital payments.
Launch of AUDD on Hedera
AUDD is the first Australian dollar stablecoin issued natively on the Hedera platform. With the launch of AUDD, residents of Australia can now hold, send, and receive this token using any wallet that supports the Hedera network.
Features of AUDD and Hedera
AUDD transactions settle in just a few seconds and cost about $0.001 per transfer. The Hedera network is noted for its eco-friendly approach, running on carbon-negative infrastructure. Effie Dimitropoulos, CEO of AUDC, emphasized that AUDD is designed for real-world financial use cases, including cross-border payments, microtransactions, and smart contracts.
Prospects for Using AUDD
AUDD is not limited to the Hedera blockchain; it is part of a wider multi-chain ecosystem that includes Ethereum, Stellar, XRPL, and Solana. This expands its capabilities on a global scale, making it applicable in various financial systems.
The launch of AUDD on Hedera underscores that stablecoins can serve not only as speculative assets but also as tools for building real payment systems that aim to be fast and accessible.
