According to the news site u.today, a company known as Novatti Group (an Australian digital payments and digital banking company) has joined forces with the people in charge of Ripple and Stellar to create a new stablecoin backed by the Australian dollar. This new Aussie-backed stablecoin will be known as AUDC & it will be backed 1:1 against the Australian dollar. This coin will also be integrated on the Ripple & Stellar networks and will also be used by Novatti Group will also utilize it for a more efficient for digital transnational payments!
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