A$DC Pegs With Australian Dollar As ANZ Bank Mints First AUD Stablecoin
The vast majority of the industry in Australia makes use of non-bank, frequently unregulated USD stablecoins, but the narrative has now changed that the Big 4 banks have released an AUD stablecoin. Banks from the Big Four ANZ have become the first Australian bank to issue an “A$DC” stablecoin tied to the Australian dollar (AUD). […]
Australian firm Afterpay believes merchants can slash payment costs by utilizing crypto
Australia’s Senate was informed by Afterpay that the use of cryptocurrency might lower payment costs for merchants and that the government should seek to develop a framework for a stablecoin backed by the Australian dollar. Afterpay , an Australian buy now pay later (BNPL) company, believes that using cryptocurrency can help local retailers reduce payment […]