AUDD Digital

AUDD is Australia's first regulated stablecoin pegged one-to-one with the Australian dollar. It is issued by AUDC Pty Ltd, a fintech company majority-owned by Novatti Group (ASX: NOV), a publicly listed Australian payments business. AUDC holds Australian Financial Services Licence No. 700123, granted by the Australian Securities and Investments Commission (ASIC), giving it a regulatory footing that most stablecoin projects operating in Australia still lack.

The token launched in November 2022 and has since expanded to eight blockchain networks: Ethereum (as an ERC-20), Stellar, XRP Ledger, Solana, Hedera, XDC Network, Base, and Redbelly Network. Each network deployment is native rather than bridged, meaning AUDD circulates directly on-chain without cross-chain wrappers. On Solana specifically, the token benefits from the network's high throughput and low per-transaction fees, making it practical for retail payments and DeFi applications that would be uneconomical on higher-fee chains.

Reserve Structure and Transparency

Every AUDD token is backed one-to-one by Australian dollars held in segregated accounts at licensed Australian financial institutions. Reserves consist of cash, corporate bonds, loans, and cash equivalents — all Australian-dollar-denominated. AUDC engages William Buck Audit (Vic) Pty Ltd to perform independent monthly attestations verifying that circulating supply across all supported chains does not exceed reserve balances. Attestation reports are published publicly and cover AUDD supply across Stellar, Ethereum, XRP Ledger, and Solana. Quarterly reserve reports supplement the monthly attestations with additional disclosure.

Holders can redeem AUDD at par through AUDC at any time. The mint-and-burn mechanism means new tokens are created only when equivalent AUD enters the system and destroyed when AUD is returned to the redeemer. This contracting issuance model keeps circulating supply tightly coupled to actual demand rather than speculative expansion.

Product Suite

AUDC operates three distinct products built on the same underlying token:

AUDD Mint is a non-custodial platform for institutional participants who need to issue or burn AUDD directly. It targets treasury desks, payment processors, and financial institutions that want to hold or distribute AUD on-chain without going through retail channels.

AUDD Gateway is a turnkey infrastructure layer that handles fiat on-ramp and off-ramp operations, KYC and AML compliance checks, reporting, and settlement workflows. It is designed for businesses that want to offer AUD stablecoin services to their own customers without building compliance infrastructure from scratch.

AUDD Digital is the retail-facing platform, offering invoice creation, multi-party payouts, and claimable balance features. It targets small businesses and individuals who want to send, receive, and manage AUD on-chain without interacting directly with DeFi protocols.

AUDC is also a member of the Circle Alliance, and its infrastructure integrates with USDC across the blockchains where both tokens are live.

Coinbase Listing and Market Milestones

On September 24, 2025, Coinbase announced a global partnership with AUDC to list AUDD — the first listing of an Australian dollar stablecoin on any major global exchange. Trading went live on October 1, 2025, with pairs against USD and USDC available through Coinbase Advanced Trade. CEO David Morris described the listing as democratizing access to AUD-denominated digital assets for a global audience.

Prior to the Coinbase listing, AUDC raised a $5 million Pre-Series A funding round that closed oversubscribed, led by Swiss investment group InWelt Holdings AG. The capital is directed toward expanding the product suite and accelerating multi-chain deployment.

AUDD was also the first commercial implementation of the Hedera Stablecoin Studio when it launched on that network, a milestone that underlined AUDC's positioning as a reference issuer for non-USD regulated stablecoins.

Use Cases on Solana and DeFi

AUDD's presence on Solana unlocks several use cases that traditional AUD rails cannot match. Cross-border remittances using AUDD bypass correspondent banking fees and settlement delays; AUDC has cited foreign exchange spread reductions of up to 80 percent versus traditional channels. For Solana DeFi participants, AUDD provides an AUD reference asset for lending, borrowing, and yield strategies — functions that previously required converting to USD stablecoins and accepting currency risk.

Trade finance is a growing use case. Importers and exporters dealing in AUD-denominated contracts can settle invoices on-chain without waiting for bank wire cutoffs or paying intermediary fees. Tokenized real-world assets priced in AUD — such as Australian property and commodities — benefit from AUDD as a native settlement currency rather than a synthetic approximation through USD stablecoins.

For Australian expatriates and businesses with AUD obligations, AUDD offers a way to hold and transfer Australian dollars on-chain with the same regulatory backing as a licensed financial product.

Regulatory Context

Australia's stablecoin regulatory framework was still maturing when AUDD launched in 2022. By operating under an AFSL throughout that period, AUDC was running ahead of the regulatory curve rather than waiting for rules to crystallize. In February 2026, ASIC formally confirmed AUDC's AFSL authorization, providing additional clarity. AUDC's obligations under the licence include governance requirements, risk management, disclosure standards, and ongoing ASIC oversight — the same framework applied to other Australian financial services businesses.

The broader context favors non-USD stablecoins. Industry analysts project that localized stablecoins denominated in currencies other than the US dollar will capture roughly 20 percent of the stablecoin market by 2028 as institutional adoption deepens and regulatory clarity spreads globally. AUDD's first-mover position in regulated AUD issuance, combined with multi-chain availability and an established compliance track record, positions it as the reference implementation for that transition in the Australian market.