Australian Digital Dollar (AUDD)

“Australian Digital Dollar (AUDD) is an Australian digital dollar designed to meet the speed, efficiency, transparency, and demands of the growing shift into the digital world. It is available on multiple blockchains, including Ethereum, Stellar, XRP Ledger, Solana, BASE, Hedera, XDC Network. AUDD is backed by a real-world asset, collateralized on a 1:1 basis by Australia’s sovereign currency, the Australian Dollar (A$), through cash in bank accounts. The price of AUDD is pegged to the Australian Dollar, providing maximum stability and addressing the price volatility that non-stablecoin digital assets experience.

AUDD is blockchain agnostic, meaning it is available on multiple blockchains and can be used in various use cases. It offers fast, stable, and secure payments, allowing seamless transactions between digital and fiat currencies at lower transaction fees. AUDD also provides a way to stabilize crypto values and easily move between digital and fiat currencies. The project was launched by Novatti, a publicly traded fintech company committed to transparency, robustness, and agile participation in the regulation efforts of the fintech sector in Australia. Third-party security assessments of its technology platform and public-facing websites ensure the utmost security for AUDD users.

In today’s digital e-conomy, where the internet has become the core operating system for global trade and commercial activity, Novatti believes that a safe and secure digital currency is needed to move at the same speed as the internet. AUDD aims to be that currency, maintaining the trust and stability of fiat currencies while increasing the speed and reducing the cost of financial transactions. AUDD can be obtained through the AUDD Digital platform, allowing users to buy, swap, and sell AUDD on various blockchains. With its transparent backing and blockchain-agnostic nature, AUDD offers a modern payment solution for fintech companies, money services businesses, and commercial solutions providers.”