The Australian Fintech Company Novatti Group Limited has Successfully Launched its Australian Dollar Stablecoin (AUDD) on the XRP Ledger (XRPL). AUDD is now directly exchangeable 1:1 for Australian Dollars, quickly tradable on the native DEX, and usable worldwide via any XRPL-compatible wallet.
🚀 Why This is Important
Fast & Cheap Transactions: Confirmations in 3–5 Seconds, Fees in the Cent Range – Ideal for Payments and Global Liquidity Management via XRPL.
Ripple Provides Technical Support: Novatti Benefits from Technical Cooperation with Ripple for the Integration of AUDD into Payment Solutions.
Broad Blockchain Availability: AUDD is Blockchain-Agnostic – Available on XRP Ledger, Stellar, Ethereum, Solana, and More Soon.
🌐 Significance for XRP & Ripple
Stable Demand Source for XRP: As Users Utilize XRPL as a Platform for AUDD, Network Transactions, Liquidity Requirements, and Potential XRP Consumption (Fees) Increase.
Institutional Structure Gains: Novatti Payment Solutions Support Remittances, Gateway Integration, and Enhance the Legitimacy of Ripple Network Infrastructure.
Proof of Utility: The AUDD Launch Once Again Demonstrates XRPL's Application as a Powerful Backbone for Stablecoin-Based Financial Solutions.
📈 Price & Market Impact – the Trading Assessment
The Introduction of Stable Fiat On/Off Ramps via AUDD Could Lead to Higher XRP Trading Volume and Upward Price Pressure in the Long Term.
Price-wise, a potential Increase Towards $3.25–$3.50 is Realistic – Especially with Concurrent Institutional Usage Boost.
Key Triggers:
More Companies Utilizing XRPL for Stablecoin Infrastructure
Partnerships with Banks or CBDC Pilots
Technical Updates such as XRP Ledger Enhancements or Ripple-X Services.
✅ Conclusion
AUDD is Now Live on the XRP Ledger – Another Milestone for XRPL in the Real Economy.
Novatti Exemplifies: Stablecoins like AUDD are Increasingly Being Provided via XRP Ledger – with Ripple as Technical Support.
For XRP, This Means More Network Activities, Increased Liquidity Demand – and Potentially Higher Demand in the Medium Term.
Follow Me for More News🫡
