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The Australian Digital Dollar Stablecoin Launches on Hedera
On Thursday, the Hedera Foundation announced via X that AUDD, the Australian Digital Dollar stablecoin, has officially launched on the Hedera network. Leveraging the Stablecoin Studio, AUDD on Hedera benefits from the network’s enterprise-grade performance, including transaction finality in seconds, predictable fees of $0.001 per transfer, and a carbon-negative footprint.
With this launch, AUDD can now be held, sent, and received by anyone using a Hedera-enabled digital wallet, offering seamless, real-time access to Australian dollar stablecoin payments.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.14554 at press time, down 2% over the last 24 hours.