AUDD Digital

AUDD is an Australian dollar-pegged stablecoin issued by AUDC Pty Ltd, a fintech company incorporated in Australia and a subsidiary of ASX-listed Novatti Group. The token maintains a 1:1 peg with the Australian Dollar and is designed for payments, cross-border settlement, and digital commerce applications across multiple blockchain ecosystems, including Solana.

Problem It Solves

Moving Australian dollars internationally or between counterparties involves layered intermediaries, settlement delays of one to four business days, and hidden conversion fees that can reach 5.7% on international transfers. Non-USD markets also lack a liquid, regulated stablecoin denominated in their local currency, forcing businesses and individuals to either absorb foreign exchange risk or use US dollar stablecoins that introduce currency conversion steps. AUDD addresses this gap by providing a regulated, liquid, blockchain-native representation of the Australian dollar that settles in seconds and carries the compliance profile required by institutional counterparties.

How It Works

AUDD is a fully reserved stablecoin. Every token in circulation corresponds to one Australian dollar held in a segregated custodial bank account at an Australian financial institution, invested in cash or cash equivalents. Tokens are not pre-minted: AUDC only issues new AUDD after the equivalent AUD deposit has been confirmed in the custodial account. This prevents unbacked supply from entering circulation.

To redeem, holders submit a withdrawal request and receive the corresponding AUD to a nominated bank account after identity verification steps are completed. AUDC charges a 0.20% redemption fee; there are no management or performance fees.

AUDD is minted and burned across each supported blockchain independently. On Stellar, AUDC developed a complementary instrument called AUDR to facilitate on-demand, automated minting via Stellar's decentralized exchange, reducing the multi-signature approval delays typically required for institutional-scale operations. On Solana, AUDD is deployed as a native SPL token, enabling integration with the Solana DeFi ecosystem, on-chain payment rails, and wallets that support the SPL standard.

Supported Assets and Blockchain Networks

AUDD represents a single asset: the Australian dollar. There is no basket of collateral or algorithmic component. The token operates natively on eight blockchains: Ethereum (ERC-20), Stellar, XRP Ledger, Solana (SPL), Base, Hedera (using Hedera Token Service), XDC Network, and Redbelly Network. The issuer takes a blockchain-agnostic approach, choosing networks based on specific use case demand rather than concentrating activity on a single chain.

As of mid-2026, Stellar holds the largest share of circulating supply, reflecting its early adoption by remittance corridors and cross-border payment providers. Solana's deployment is newer and growing, with Superteam Australia and AUDC jointly launching the SOLAUDD grant program in 2026 to attract developers building AUD-denominated applications on Solana.

Key Features

AUDD operates under ASIC's oversight as a licensed non-cash payment facility. There is no anonymous access: users and businesses onboard through a KYC and KYB process aligned with Australia's Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) framework. AUDC engages blockchain analytics providers to monitor AUDD transactions across all supported chains for financial crime exposure.

The stablecoin's reserve attestations are published monthly on AUDD's transparency page. An external auditor reconciles the on-chain token supply against the custodial bank account balance and publishes the results. In addition, AUDC engaged a multinational professional services firm to conduct third-party security assessments of its technology platform and public-facing systems.

AUDD was listed on Coinbase's global retail platform in September 2025, making it the first Australian dollar stablecoin to reach that milestone. The listing provides global access to AUD-denominated liquidity without requiring users to open an Australian bank account.

Team and Corporate Background

AUDC Pty Ltd was incorporated in Melbourne, Australia. Its parent company, Novatti Group, is listed on the Australian Securities Exchange and has decades of experience in digital payments and money remittance. Novatti holds between 45% and 57% of AUDC. Effie Dimitropoulos serves as CEO of AUDC and has been credited as a co-founder of its stablecoin unit.

In December 2025, AUDC completed a Pre-Series A funding round of $5 million, which was oversubscribed. InWelt Holdings AG, a Swiss investment group with over $250 million in assets, led the round with a $4 million commitment. The remaining $1 million came from fintech, payments, and digital asset infrastructure investors.

AUDC has participated in several regulatory and interoperability pilots, including the Reserve Bank of Australia and Digital Finance Cooperative Research Centre (RBA-DFCRC) CBDC stablecoin pilot, the Monetary Authority of Singapore's cross-border trade pilot, and Project Acacia. In February 2026, ASIC formally granted AUDC Australian Financial Services Licence No. 700123, authorizing it to issue non-cash payment products to both retail and wholesale clients.

The project was named Start-Up/Scale-Up of the Year at the Blockies in November 2025.

Solana Ecosystem Fit

AUDD's Solana deployment positions it as potential base-layer liquidity for AUD-denominated DeFi applications. Australia is one of the more active Solana user bases outside the United States, and the absence of a regulated, liquid AUD stablecoin on Solana had been a structural gap. The SOLAUDD grant program, launched jointly by AUDC and Superteam Australia, targets developers building payments infrastructure, financial applications, digital commerce tools, and developer tooling on top of the token. Round 1 applications closed in May 2026.

AUDD's combination of regulatory credentials—AFSL licensing, ASIC oversight, AML/CTF compliance, and monthly reserve attestations—differentiates it from unregulated stablecoins and makes it suitable for enterprise integrations that require a compliance-auditable AUD rail. Its presence on Solana as an SPL token means it can integrate with protocols across the ecosystem without wrapping or bridging steps that would introduce additional counterparty risk.