National Australia Bank Becomes Second Australian Bank to Build Stablecoin: Report

National Australia Bank Becomes Second Australian Bank to Build Stablecoin: Report


The purpose of AUDN would be to allow its customers to settle transactions on blockchain technology in real-time using Australian dollars, NAB said. AUDN could also be used for several other purposes including “carbon credit trading, overseas money transfers and repurchase agreements,” NAB’s Chief Innovation officer Howard Silby told AFR.

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