🌐 AUDD Launches on Hedera Network: A New Era for Aussie Stablecoins 🇦🇺💱
AUDC Pty Ltd, issuer of the Australian Digital Dollar (AUDD), has partnered with Hedera to launch the stablecoin on the Hedera Network. This launch, carried out in collaboration with the Hedera Foundation, marks the first time an Australian dollar stablecoin is issued directly on Hedera using its Token Service (HTS). It also represents the first commercial implementation of Hedera Stablecoin Studio. 🚀
With this launch, AUDD can now be sent, received, and stored using any Hedera-compatible digital wallet. 📲💼
AUDD on Hedera provides a regulated and scalable option for institutions seeking efficient and compliant digital currency solutions. Hedera’s support for high transaction throughput, low energy consumption, and the Ethereum Virtual Machine (EVM) enables it to meet both the operational and regulatory requirements of digital assets. ⚙️🔐⚡
The integration with Hedera strengthens AUDD’s presence across multiple blockchain networks, including Ethereum, Stellar, XRPL, Solana, and XDC. This multichain approach enhances broader interoperability and positions AUDD for use in decentralized finance (DeFi), cross-border payments, and commercial applications. 🌉🌍💸