Novatti Group’s AUDD stablecoin has exceeded $1 billion in transactions on the Stellar blockchain, marking a significant milestone in Australia’s digital payments landscape.
- AUDD surpasses $1 billion in Stellar blockchain transactions
- First Australian Dollar stablecoin listed on Coinbase’s retail platform
- Novatti holds a 57% non-controlling interest in AUDC Pty Ltd
- Client funds fully backed by Australian Deposit Taking Institutions
- Strong compliance with Australian AML and counter-terrorism frameworks
Milestone Achievement for AUDD
Novatti Group Limited (ASX – NOV) has announced a major milestone for its associated stablecoin, AUDD, which has now surpassed $1 billion in transaction volume on the Stellar blockchain. This achievement underscores the growing adoption of AUDD as a trusted digital currency within Australia’s evolving fintech ecosystem.
Issued by AUDC Pty Ltd, in which Novatti holds a 57% non-controlling stake, AUDD is a fully collateralised stablecoin pegged 1 – 1 to the Australian Dollar. The milestone on Stellar is particularly notable as it excludes transaction volumes on other platforms such as Coinbase, where AUDD was recently listed as the first Australian Dollar-backed stablecoin on its retail platform.
Bridging Traditional and Digital Finance
Novatti’s CEO, Mark Healy, highlighted the significance of this development, emphasizing AUDD’s role in bridging traditional payments with regulated digital finance. The stablecoin’s increasing use in digital payments and decentralized finance (DeFi) applications reflects a broader trend towards programmable finance solutions that operate within Australia’s stringent regulatory framework.
Importantly, all client funds backing AUDD are held securely in accounts with Australian Deposit Taking Institutions, ensuring transparency and trust. AUDC also maintains rigorous anti-money laundering (AML) and counter-terrorism financing (CTF) controls, aligning with national regulatory expectations.
Strategic Position and Future Prospects
Novatti’s 57% interest in AUDC, valued at approximately $7 million based on recent seed round pricing, positions the company to benefit from further growth in AUDD’s adoption. While this stake is non-controlling, it validates Novatti’s strategic incubation of the stablecoin and its commitment to advancing Australia’s digital currency infrastructure.
As the stablecoin ecosystem matures, AUDD’s blockchain-agnostic, non-custodial model offers flexibility and security for institutional-grade finance. The milestone signals potential for expanded use cases and deeper integration into global digital markets.
Investors and market watchers will be keen to monitor how AUDD’s transaction volumes evolve across multiple blockchain platforms and how regulatory developments shape the stablecoin’s trajectory.
Bottom Line?
AUDD’s $1 billion milestone on Stellar sets the stage for broader adoption amid evolving digital finance regulations.
Questions in the middle?
- How will AUDD’s transaction volumes on Coinbase and other blockchains impact Novatti’s exposure?
- What regulatory changes could influence AUDD’s growth and compliance requirements?
- Could Novatti increase its stake or control in AUDC to leverage future opportunities?