Coinspeaker
Aussie Bank Mints Stablecoin AUDN on Ethereum and Algorand Blockchains
The National Australia Bank (NAB), one of the central banks in Australia, has launched a stablecoin named AUDN. The stablecoin is all set to be launched in the middle of this year, according to the Australian Financial Review (AFR) report.
NAB will go on to become the second “Big 4” Australian Bank to introduce an Australian dollar-puffed stablecoin on the Ethereum Network. NAB chief innovation officer Howard Silby previously stated that the decision to mint the AUDC stablecoin, which is supported by the Australian dollar (AUD) was made on the bank’s conviction that blockchain establishment will play an important role in the next evolution of Finance.
NAB chief innovation officer Howard Silby said the decision to mint the AUDN stablecoin – which is backed 1:1 by the Australian dollar (AUD) – was based on the bank’s belief that blockchain infrastructure will play a key role in the new evolutio
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