AUDD, a stablecoin pegged to the Australian Dollar, has taken an important step by launching on the Hedera blockchain. This launch is the first commercial implementation of Hedera's Stablecoin Studio and expands AUDD's capabilities across multiple blockchains.
AUDD Launch on Hedera
AUDD has officially launched on the Hedera network. This integration is a significant event for stablecoins, as AUDD is now available across multiple blockchains, including Ethereum, Stellar, XRPL, Solana, and XDC.
Integration Goals
The integration of AUDD onto Hedera aims to drive digital payments throughout the Asia-Pacific region and beyond. Leveraging Hedera's infrastructure designed for high speed and low cost, the integration will ensure environmentally sustainable transactions.
Impact on Stablecoin Market
The launch of AUDD on Hedera marks a pivotal step in the stablecoin market, providing quick access to Australian Dollar payments. This collaboration with the Hedera Foundation highlights the network's capacity to support financial solutions that meet regulatory requirements.
The expansion of AUDD's presence on Hedera solidifies its position in the global stablecoin market and supports the growth of tokenization in the financial sector.
