In the face of the increasing adoption of cryptocurrencies, countries are also stablecoin continues his work.
Australia’s First Digital Dollar Has Been Printed!
World-renowned Australian and New Zealand Banking Group (ANZ)signing a first in the country, began to print Australia’s Digital Dollar (A$DC).
ANZ Bankbecame the first major financial institution in the country to issue a stablecoin.
In a statement yesterday, the bank said:Successfully minting $30 million worth of A$DC stablecoin” he stated.
ANZ Bank, crypto custodian to issue a stablecoin pegged to the Australian dollar fireblocks collaborated with. outside of Fireblocks Chainalysis and OpenZeppelin Work has also been done with
The bank uses this stablecoin as an Australian-based investment company. Victor Smorgon Group He said he created it for If this company Melbourne-based exchange Zerocap plans to use it for trading.
Zerocap CEO Ryan McCall stated that they proceeded carefully and made the necessary tests in advance. “Including the issuance of money. This particular process took only 20 minutes.” said.
Nigel Dobson, ANZ Banking Services Portfolio Leader In his statement he said:
“The Australian dollar stablecoin issued by ANZ is the first and important step in enabling our customers to find a safe and secure gateway to the digital economy.
We are excited to continue testing our capabilities and exploring how this use case can be applied to other industries and customers in the future.”
Initially marketed to corporate customers A$DC The stablecoin is scheduled to be available for retail sale on an Australian crypto exchange later on.
ANZ Bank also currently Ethereum (ETH) In the near future, the A$DC stablecoin based on the blockchain Hedera and added that they want to expand to other chains.