AUDC, a Novatti Group fintech company, has issued AUDD, an Australian dollar-backed stablecoin on the Stellar network, to solve cross-border payment liquidity challenges for financial institutions. By leveraging Stellar's DEX and a companion asset (AUDR) for on-demand minting, AUDD enables faster, cheaper, and more efficient global transactions.
AUDC Pty Ltd has launched AUDD, an AUD-backed stablecoin issued on the Stellar network to address liquidity inefficiencies in traditional cross-border payments. Financial institutions typically must pre-fund transfers before settlement, creating operational friction. AUDD solves this by enabling instant, low-cost transactions on Stellar with 4-6 second settlement times and 5.7% cost reduction. AUDC created AUDR as a companion asset to facilitate on-demand minting through Stellar's DEX without requiring multi-signature authorization each time. The solution provides global accessibility through partnerships with on-ramps like Banxa, enables conversion between multiple stablecoins, offers immutable transaction records, and reduces fees significantly compared to traditional systems. AUDD is now available globally and supports cross-border transactions, international trade payments, and treasury management use cases.
