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Ethereum News

National Australia Bank issues stablecoin on Ethereum

March 14, 2023
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National Australia Bank says it has completed the first intra-bank cross-border transaction using its own stablecoin via ethereum.

The deal is part of NAB’s pilot for the Australian dollar-backed stablecoin. National Australia Bank intends to issue a stablecoin under the code “AUDN”, which will be managed as a liability on its books.

The company plans to further support trading in AUD, NZD, SGD and USD, as well as EUR, JPY and GBP.

Digital asset infrastructure provider Fireblocks and fintech platform Blockfold will assist with smart contract matters, direct token custody, and minting and burning.

Previous ArticleThe Hong Kong Monetary Authority will host two international conferences on financial regulation in late March. Topics include the future development of cryptocurrencies, etc.
Next Article MOOAR White Paper: Generative NFT Tool (GNT) is open to all MOOAR members

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