The Launch of AUDD Stablecoin on Hedera Network
AUDC Pty Ltd, in collaboration with the Hedera Foundation, has recently introduced the Australian dollar stablecoin (AUDD) on the Hedera Network. This initiative represents the first commercial deployment utilizing the Hedera Stablecoin Studio and marks a significant milestone as AUDD becomes the first Australian dollar-denominated stablecoin to be natively issued through the Hedera Token Service (HTS).
Accessibility and Management
AUDD is now available for direct 1:1 exchange with Australian dollars via its official website. Users can manage their holdings using compatible wallets that support Hedera blockchain technology.
Prior Network Presence
Before this expansion to the Hedera Network, AUDD was accessible on multiple blockchain networks including Ethereum, Stellar, XRPL, Solana, and XDC. The move to Hedera is part of a broader multi-chain strategy aimed at facilitating tokenized value transfer across decentralized finance, payments, and trade applications.
Regulatory Compliance and Interoperability
The launch positions AUDD as a regulated digital currency intended for institutional users. Representatives from AUDC Pty Ltd suggest that stablecoins like AUDD could be pivotal in enabling traditional currencies to operate within decentralized finance ecosystems as the tokenization of assets, services, and financial instruments evolves.
Technological Advantages
Officials at the Hedera Foundation highlight how the use of AUDD supports ongoing initiatives to scale real-world financial applications such as micropayments, digital marketplaces, and ESG-linked asset flows. They also emphasize that this integration showcases Hedera’s infrastructure’s capacity for scalable and energy-efficient financial services.
Network Features
Hedera’s design prioritizes fast transaction finality, low and predictable fees, and a carbon-negative operating model. These features are crucial for handling high-volume use cases while ensuring sustainability and cost-effectiveness. The launch of AUDD on Hedera underscores the foundation’s commitment to advancing financial innovation within payment systems, reporting mechanisms, and digital asset integration.
