Australia continues to break new crypto grounds with ANZ becoming the country’s first bank to mint a stablecoin linked to the local currency.
ANZ executed an Australian dollar stablecoin payment yesterday, according to a statement, making it Australia’s first bank to mint a digital asset linked to the country’s currency.
ANZ minted 30 million Australian dollars in stablecoins called «A$DC» using smart contracts transferred through digital asset investment platform Zerocap to digital asset-focused private wealth firm Victor Smorgon Group.
Breaking Grounds
Australia continues to break new cryptocurrency grounds in recent months, particularly through its nation’s ‘big four’ banks.
In November last year, retail bank crypto services made their debut at fellow ‘big four’ lender Commonwealth Bank of Australia which will offer trading of around 10 tokens on its banking app via a partnership with Gemini Trust – a New York-based crypto exchange founded by Cameron and Tyler Winklevoss.
