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Australian Digital DollarAUDD

Australian Digital DollarAUDD

Launch dateAug 2, 2022

Australian Digital Dollar (AUDD) is a Australian Dollar stablecoin issued by Australian Digital Dollar through AUDC Pty Ltd. Each token is redeemable one-for-one for Australian Dollar and is a direct claim on the issuer. Reserves are held in cash, in segregated accounts within a bankruptcy-remote structure. They sit with Banking Circle and Westpac, attested monthly by William Buck Audit (Vic) Pty Ltd. Retail investors and institutions can mint and redeem directly with Australian Digital Dollar in AUD after completing KYC, and holders have a contractual right to redeem at par. AUDC Pty Ltd is incorporated in Australia and is supervised by the Australian Securities and Investments Commission. AUDD has been issued on public blockchains since August 2022 and is native to 8 networks, including Stellar, XRP Ledger, Ethereum, Solana, Base, and XDC Network.

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