ANZ Bank launches A$DC stablecoin based on the AUD
Australian ANZ Bank announced the launch of the A$DC stablecoin based on Ethereum with an AUD ratio of 1:1. The Bank is actively cooperating with regulators AUSTRAC and APRA to ensure that the project complies with the laws.
Custodian Fireblocks provided the necessary infrastructure for the A$DC. OpenZeppelin audited the smart contract. Chainalysis signed a contract to help with regulatory compliance.
The bank plans to release A$DC stablecoin on other blockchains, including Hedera Hashgraph. A$DC became the first stablecoin to be issued fully regulated and compliant with the requirements of financial institutions.