Company Announcements: (reported by the Company) |
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Elevator Pitch: | Australia's Stablecoin Novatti's AUDD is a revolutionary stablecoin designed to facilitate transactions and remittances between businesses and their customers. Unlike other stablecoins, AUDD is not limited to corporate-to-corporate or intra-corporate transactions, making it an unlimited and flexible payment solution. What sets AUDD apart is that it is backed by a real-world asset, Australia's sovereign currency, on a 1:1 basis, minimizing the risk of depreciation in value. Additionally, the price of AUDD is pegged to the A$, ensuring maximum stability and minimizing the price volatility that non-stablecoins often experience. AUDD is also blockchain-agnostic, making it available on reputable commercial blockchains like Stellar and Ripple. Novatti is committed to transparency, with monthly attestations of AUDD circulation data reviewed and attested by external auditors and all transaction data reconciled against actual AUD fiat currency holdings held in reserve. This innovative payment solution offers numerous benefits to fintechs, money services businesses, and commercial solutions providers, including fast and secure payments, lower transaction fees, and instant payments with quick settlements. AUDD also allows for safe and easy movement between digital and fiat currencies and can lower the volatility risk of crypto holdings. As our world becomes increasingly digitized, our economy must keep up. AUDD offers a safe and secure digital currency with the same trust and stability as fiat currencies, facilitating transactions at a fraction of the cost and time currently taken by fiat payments. It's time to change how money moves and AUDD is leading the way. |
Category: | Crypto, Fintech |
URL: | https://audd.digital |
Operational Status: | Active |
ASX Listing Code (if applicable): | |
Year of Commencement: | 2022 |
Address: | 461 Bourke Street Mall, Level 3, Melbourne, Victoria 3000, AU |
State: | Victoria |
Overseas Operations: | No |
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Linkedin: | https://www.linkedin.com/showcase/audd-digital/ |
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