Australia Issues First Regulated Stablecoin on XRP Ledger

Australia has taken a concrete step towards institutional blockchain adoption after the Australian Securities and Investments Commission (ASIC) licensed AUDC Pty Ltd to issue a regulated, Australian dollar-backed stablecoin on the XRP Ledger.

The stablecoin, designated AUDD, is issued by AUDC Private Ltd – a subsidiary of Australian fintech group Novatti – and carries a full Australian Financial Services License (AFSL). This distinction matters, as it allows major Australian banks and licensed financial institutions to legally issue, hold, and transact in digital AUD directly on-chain.

The efficiency gap between traditional payment rails and the XRP Ledger is significant. Transactions settle in three to five seconds at a cost of fractions of a cent, making it an attractive option for institutions processing high volumes of payments.