Novatti Group announced the launch of AUDC, an Australian Dollar-backed stablecoin on the Stellar blockchain. The 1:1 AUD-backed digital asset will integrate into Novatti's payment solutions, enabling faster, lower-cost domestic and cross-border transactions with support from the Stellar Development Foundation.
Novatti Group Limited announced the launch of AUDC, an Australian Dollar-backed stablecoin built on the Stellar blockchain. The stablecoin will maintain 1:1 backing with AUD fiat value and create a permanent digital record of transactions for compliance. AUDC will integrate into Novatti's existing payment suite, enabling faster and lower-cost domestic, cross-border, and billing payments, plus stablecoin-linked payment cards. The Stellar Development Foundation is supporting the development in a staged approach with minimal capital contribution from Novatti. The launch positions Novatti to capture new revenue streams through conversion, transaction, and merchant fees while advancing its mission to enable businesses to pay and be paid from any device, anywhere.
