ChainCatcher reports that Solid Intel stated Australia has granted a license for a "regulated digital dollar" on the XRP Ledger, enabling banks to conduct on-chain transactions using compliant Australian dollar stablecoins. Relevant information shows that the Australian dollar stablecoin AUDD, issued by AUDC, previously received an AFSL authorization from ASIC to provide non-cash payment facilities, and AUDD can be used across multiple chains including XRPL.
AUDD Granted ASIC AFSL, Enabling a Regulated AUD Stablecoin on XRPL
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Summary
AUDD, a regulated AUD stablecoin, now operates on the XRP Ledger following ASIC’s AFSL approval for risk-on assets. Issued by AUDC, AUDD enables compliant on-chain transactions and is expanding to other blockchains. Stablecoin regulation in Australia progresses as banks gain access to a licensed digital dollar solution.
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