Login or request a free trial

Novatti tries for third time lucky with stablecoin launch

Payments company Novatti has announced that it will launch an Australian dollar-backed stablecoin, to be called AUDD, next month on the Stellar blockchain. It is the third such announcement it has made this year.

In May, Novatti announced that it would launch a stablecoin, to be called AUDC, on the Stellar blockchain.

A month later it announced that it would launch AUDC on the XRP Ledger.

In response to Banking Day’s inquiries, Novatti said it registered the names AUDC and AUDD, and switched to AUDD after being advised of a trademark complication.

It said it expects to offer AUDD on the XRP Ledger and Ethereum Blockchain in future.

As to November being a firm launch date, the company said it is receiving extensive technology support from Stellar and Ripple as part of their commitment to the launch.

I'm a returning subscriber

Password reset
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day