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Crypto
Business Honor
23 June, 2025
With AUDD's introduction on Hedera, Asia-Pacific may now make quick, legal, and affordable cryptocurrency payments.
The official launch of the Australian dollar-backed stablecoin AUDD on the Hedera network is the first commercial use of Hedera's new Stablecoin Studio. With this launch, AUDD is positioned to play an important role in the Asia-Pacific region's increasing interest in real-time compliant cryptocurrency payments.
Issued by AUDC Pty Ltd a branch of Australia's Novatti Group, AUDD was first made available on the stellar network in 2022. It is currently active on a number of significant blockchains such as Ethereum, Stellar, Solana, XRPL and XDC and it remains closely tied to the Australian dollar in spite of market swings.
A new open-source platform called Hedera's Stablecoin Studio makes stablecoin creation and administration easier. It has integrated capabilities for proof-of-reserve, third-party custodian integration and KYC/AML compliance all essential components of enterprise-grade legally compliant cryptocurrency assets.
Effie Dimitropoulos CEO of AUDC stated that AUDD is positioned to bridge the gap between traditional currency and reorganized finance. She explained that the addition with Hedera enables the delivery of low-cost, real-time and environmentally sustainable payment solutions to businesses throughout the Asia-Pacific region. Market capitalization has decreased from a peak of US$1.4 million in December 2024 to about US$180,000 today, however AUDD has maintained steady price stability typically remaining between 2 and 4% of the AUD peg.
Being the first AUD stablecoin on Hedera and one of the few regulated fiat-backed stablecoins in the world the launch is important for Australia's position in the cryptocurrency market. In a competitive stablecoin market dominated by USD-backed tokens AUDD's cross-chain capability and compliance-first strategy might help it stand out as interest in digital payments increases globally.