Audc PTY LTD, the issuer of the Australian Digital Dollar (AudD), works together with Hedera, where the Stablecoin the Hedera network is launched. The launch, done with the Hedera Foundation, is the first time that an Australian Dollar Stablecoin has been issued directly on Hedera using the Token Service (HTS). It is also the first commercial deployment of the Hedera Stablecoin Studio.
With this launch, AudD can be sent, received and held through any Hedera-compatible digital wallet.
AudD on Hedera offers a regulated and scalable option for settings that require compatible and efficient digital currency solutions. The support of Hedera for high transaction supply, low energy consumption and Ethereum Virtual Machine (EVM) compatibility allows it to meet operational and regulatory requirements for digital assets.
The integration with Hedera contributes to the presence of Audd in multiple blockchain networks, including Ethereum, Stellar, XRPL, Solana and XDC. This multi-chain approach supports wider interoperability and positions AudD for use in decentralized finances (Defi), cross-border payments and trade applications.
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