Australian Digital Dollar

AUDD Price

About Australian Digital Dollar (AUDD)

The Australian Digital Dollar (AUDD) is a regulated, fiat-backed stablecoin designed to provide a secure and efficient digital representation of the Australian Dollar on multiple blockchain networks.

• It is fully collateralized on a 1:1 basis by the Australian Dollar, with reserves held in segregated accounts as cash or cash equivalents.
• The asset operates under an Australian Financial Services Licence (AFSL), ensuring compliance with national financial services laws and oversight by ASIC.
• It is a blockchain-agnostic solution, natively available on networks including Ethereum, Solana, and Stellar to facilitate global payments and settlements.

What Is Australian Digital Dollar

Australian Digital Dollar is a digital currency issued by AUDC Pty Ltd that aims to bridge the gap between traditional fiat currency and the digital economy. It addresses inefficiencies in the existing payment infrastructure, such as high transaction fees and slow settlement times, by leveraging the speed and transparency of blockchain technology. Value moves through the system by minting AUDD tokens upon the receipt of equivalent Australian Dollars in the issuer's custodial accounts. The token is put to work as a medium for instant payments, trade settlements, and as a stable unit of account within decentralized finance ecosystems. As the ecosystem grows, AUDD scales by integrating with more blockchain protocols and expanding its network of distributors, enhancing liquidity and accessibility for both retail and institutional users.

What Makes Australian Digital Dollar Unique

• Regulatory Compliance: Unlike many unregulated stablecoins, AUDD is issued under an AFSL, providing a higher standard of governance and operational oversight.
• Blockchain Agnostic: It functions seamlessly across multiple platforms, allowing users to choose the network that best fits their speed or cost requirements.
• AUDRedeem Solution: A patent-pending governance mechanism that enhances security by using an operational tool (AUDR) to manage the minting process and prevent unauthorized issuance.
• Real-World Asset Backing: Every token in circulation is reconciled with actual Australian Dollar holdings, verified through regular independent third-party attestations.

What Can You Use Australian Digital Dollar for?

The Australian Digital Dollar is pegged to the Australian Dollar. Drawing on available sources, the asset is utilized for the following purposes:

1. Value retention: Users can hold a digital representation of the Australian Dollar on-chain, which may reduce exposure to the volatility typically associated with non-pegged cryptocurrency markets.
2. Yield generation: The source does not specify native yield options, though it notes AUDD can be used within decentralized finance protocols for lending and liquidity provisioning.
3. Cross-border settlement / value transfer: It facilitates international remittances and global trade payments by enabling instant, cost-effective transfers that bypass traditional intermediary banks.
4. Collateralization: AUDD is designed for use as backing in borrowing and lending protocols or as a stable asset for trade settlements across various blockchain networks.

How Does Australian Digital Dollar Work?

Australian Digital Dollar operates through a multi-signature minting and burning process managed via the AUDD Mint platform. When a user deposits fiat currency, the system validates the request and mints an equivalent amount of AUDD directly to the user's external wallet. This process utilizes AUDRedeem, a security layer that restricts the direct minting of AUDD to the available balance of an operational token (AUDR), thereby safeguarding the integrity of the supply. Transactions on supported networks incur protocol service fees rather than traditional bank margins. The asset's stability is maintained through robust treasury management, including daily mark-to-market valuations and a liquidity coverage ratio designed to meet withdrawal demands even under stress scenarios.

Team Info and Investors

The project is led by Michaela Juric and Effie Dimitropoulos at AUDC Pty Ltd, the issuing entity. AUDD has achieved significant milestones, including being selected by the Reserve Bank of Australia to pilot a CBDC-backed stablecoin. In its Pre-Series A funding round, the project successfully raised $5 million, led by the Swiss investment group InWelt Holdings AG, with additional backing from strategic fintech and digital asset investors.

Where can you buy Australian Digital Dollar?

AUDD tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Australian Digital Dollar is Coinbase Exchange, where the most active trading pair AUDD/USDC has a trading volume of $17,374.39 in the last 24 hours. Other popular options include Uniswap V4 (Ethereum) and Uniswap V3 (Ethereum).

What is the daily trading volume of Australian Digital Dollar (AUDD)?

The trading volume of Australian Digital Dollar (AUDD) is $33,565.27 in the last 24 hours, representing a -82.30% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Australian Digital Dollar (AUDD)?

Australian Digital Dollar (AUDD) reached an all-time high of $2.87 and an all-time low of $0.3646. It’s now trading -75.70% below that peak and 91.60% above its lowest price.

What is the market cap of Australian Digital Dollar (AUDD)?

Market capitalization of Australian Digital Dollar (AUDD) is $4,981,277 and is ranked #1683 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of AUDD tokens (7.1 Million tokens are tradable on the market today).

What is the fully diluted valuation of Australian Digital Dollar (AUDD)?

The fully diluted valuation (FDV) of Australian Digital Dollar (AUDD) is $4,981,277. This is a statistical representation of the maximum market cap, assuming total number of 7.1 Million ETH tokens are in circulation today.

How does the price performance of Australian Digital Dollar compare against its peers?

With a price increase of 0.80% in the last 7 days, Australian Digital Dollar (AUDD) is outperforming the global cryptocurrency market which is down -0.20%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 2.50%.

How to add Australian Digital Dollar (AUDD) to MetaMask?

Adding Australian Digital Dollar (AUDD) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import AUDD as a token. You can copy AUDD’s contract address (0x4cce605ed955295432958d8951d0b176c10720d5) and import it manually, or if you've installed MetaMask's chrome extension, add AUDD to MetaMask with one click on CoinGecko.

Add AUDD to MetaMask.