New Listing for Novatti Australian Digital Dollar (AUDD)

We are excited to announce that Novatti Australian Digital Dollar (AUDD) has been added to CoinPort Exchange. AUDD is a fiat-backed stablecoin pegged 1:1 to the Australian Dollar (AUD), designed to bridge traditional finance and blockchain for efficient, compliant digital transactions, including cross-border payments and remittances.

What is Novatti Australian Digital Dollar (AUDD)?

Novatti Australian Digital Dollar (AUDD) is a stablecoin issued by AUDC Pty Ltd, a subsidiary of the publicly listed Novatti Group Limited (ASX: NOV), a regulated Australian fintech company overseen by the Australian Securities and Investments Commission (ASIC). Launched in 2022, AUDD is fully backed 1:1 by Australian Dollars held in bank reserves, ensuring redeemability and stability.

AUDD operates on multiple blockchains for blockchain-agnostic versatility, including Stellar, XRP Ledger (XRPL), Ethereum (as an ERC-20 token), and Hedera. This multi-chain approach enables seamless integration into diverse ecosystems, supporting use cases like instant cross-border transfers, trading pairs, remittances, and Stablecoin-as-a-Service. Users can mint and redeem AUDD directly through compliant platforms, with reserves independently verifiable for transparency.

The AUDD token’s primary utility is as a digital representation of AUD, facilitating low-cost, high-speed transactions while minimizing volatility risks associated with other cryptocurrencies. It supports payments via decentralized exchanges (DEXs) and integrates with Novatti’s payment solutions. With a circulating supply of approximately 254,451 AUDD and no fixed maximum supply (allowing for scalable issuance based on demand), AUDD emphasizes regulatory compliance, security, and interoperability. The protocol’s open design and audits align with global stablecoin standards, positioning it as a bridge to potential central bank digital currency (CBDC) explorations.

Why We Like Novatti Australian Digital Dollar (AUDD)

We are thrilled to list Novatti Australian Digital Dollar (AUDD) on CoinPort Exchange, as an Australian exchange proud to support Australian ingenuity in the fintech and blockchain space. Here are a few reasons why we’re excited about AUDD:

• 1:1 AUD Peg and Full Backing: Each AUDD is collateralized by actual Australian Dollars in reserves, providing users with a trustworthy, redeemable digital asset that maintains price stability and reduces exposure to crypto market fluctuations.
• Multi-Chain Compatibility: Deployment across Stellar, XRPL, Ethereum, and Hedera ensures broad accessibility, low transaction fees, and energy-efficient operations, enabling global use in DeFi, payments, and remittances without chain-specific limitations.
• Regulatory Compliance and Security: Issued by an ASIC-regulated entity with verifiable reserves, AUDD prioritizes transparency and trust, making it suitable for institutional and retail users in a compliant framework.
• Real-World Utility and Innovation: AUDD powers efficient cross-border payments, participates in Australia’s CBDC pilots with the Reserve Bank of Australia (RBA), and supports programmable money use cases, showcasing Australian innovation in fostering adoption in the Asia-Pacific region.

We believe AUDD’s stable foundation, multi-chain flexibility, and alignment with regulatory trends, combined with its roots in Australian innovation, make it a valuable addition to our platform, offering users a reliable gateway to digital AUD transactions in the evolving crypto landscape.