What is AUDD (AUDD)?

Quick Facts

  • Issued by AUDC Pty Ltd., an Australian fintech company
  • Pegged 1:1 to the Australian dollar (AUD)
  • Backed by AUD held in reserve via a Bare Trust
  • Regulated under an Australian Financial Services Licence (AFSL)
  • Novatti Group (ASX: NOV) is the majority shareholder of AUDC
  • Available on Ethereum, Stellar, XRP Ledger, Solana, Base, Hedera, XDC, and Redbelly
  • Undergoes regular third-party audits and monthly reserve reports

Introduction

AUDD, the Australian Digital Dollar, is a fully backed and regulated stablecoin designed to bring the Australian dollar on-chain. Issued by AUDC Pty Ltd., it allows individuals, businesses, and institutions to transact in AUD across multiple blockchain networks without exposure to cryptocurrency volatility.

Unlike speculative digital assets, AUDD is engineered for stability. Every token is redeemable for exactly one Australian dollar, making it a practical tool for payments, settlements, and digital finance.

History & Background

AUDC Pty Ltd. was established as a subsidiary of Novatti Group, a publicly listed Australian fintech company on the Australian Securities Exchange (ASX: NOV). Novatti is regulated by the Australian Securities and Investments Commission (ASIC), providing AUDD with a robust compliance foundation from the outset.

AUDD expanded its multi-chain footprint over time and was selected for two use cases in the Reserve Bank of Australia's Project Acacia, a research initiative exploring wholesale tokenized asset markets. It also became the first Australian stablecoin listed on Coinbase.

How AUDD Works

AUDD operates on a straightforward mint-and-burn model. When a user deposits AUD with AUDC, an equivalent amount of AUDD is minted and sent to their wallet. When a user wants to redeem, they send AUDD back to the issuer, which burns the tokens and returns the corresponding AUD.

Importantly, AUDD is not pre-minted and is never issued based on credit. Tokens are only created once the equivalent AUD is confirmed in the custodial bank account, maintaining a strict 1:1 backing at all times.

Tokenomics

AUDD's economic design is straightforward: each token is fully collateralised by AUD or cash equivalents held in reserve. The issuer also holds corporate bonds and other cash equivalents as part of its reserve management strategy.

Monthly reserve disclosures and periodic third-party attestations provide transparency into the backing. This model aligns with regulated stablecoin frameworks and prioritises redemption confidence over speculative utility.

Circulating Supply ? 4.44 million AUDD
Total supply ? 4.44 million AUDD
Max supply ? -- AUDD
Updated 2d ago

Ecosystem & Use Cases

AUDD is purpose-built for multi-chain programmable finance. Its key use cases include:

  • Cross-border payments — fast, low-cost international transfers settled in AUD
  • Institutional settlement — tokenized asset settlement and interoperability with systems like NPP (New Payments Platform)
  • DeFi and on-chain trading — a stable AUD-denominated asset usable within crypto ecosystems
  • Business payments — trade finance, supply chain settlements, and merchant solutions

Team, Governance & Community

AUDD is governed by AUDC Pty Ltd., operating under an Australian Financial Services Licence. Its parent company, Novatti Group, is publicly listed and subject to ASIC oversight, giving AUDD a higher standard of regulatory accountability than most private stablecoin issuers.

AUDC has an active leadership team that continues to expand, focusing on stablecoin growth across Asia-Pacific and global markets.

Advantages

  • Regulatory compliance — issued under an AFSL by an ASIC-regulated corporate group
  • Transparent reserves — monthly disclosures and external audits verify 1:1 AUD backing
  • Multi-chain reach — available across eight blockchains for broad interoperability
  • Institutional credibility — selected for the RBA's Project Acacia pilot programme
  • Non-custodial model — blockchain-agnostic design supports flexible integration

Risks & Challenges

  • Counterparty risk — reliance on AUDC Pty Ltd. and its reserve custodians for redemption
  • Regulatory evolution — Australian and global stablecoin regulation continues to develop and may impact operations
  • Competition — faces competition from USD stablecoins and potential future CBDC initiatives in Australia
  • Adoption barriers — AUD-denominated stablecoins have a smaller global addressable market than USD equivalents

Long-Term Vision

AUDD aims to become the foundational digital currency layer for AUD-denominated transactions across both traditional finance and the blockchain ecosystem. By participating in government-backed research programmes, integrating with enterprise blockchain platforms, and expanding exchange listings, AUDC is positioning AUDD as critical infrastructure for the digital economy in Australia and the broader Asia-Pacific region.

Frequently Asked Questions

AUDD is the Australian Digital Dollar, a regulated stablecoin pegged 1:1 to the Australian dollar. It is issued by AUDC Pty Ltd. and backed by AUD held in reserve.

AUDD is issued by AUDC Pty Ltd., an Australian fintech company and subsidiary of Novatti Group (ASX: NOV). AUDC operates under an Australian Financial Services Licence (AFSL).

Each AUDD token is backed 1:1 by Australian dollars or cash equivalents held in a Bare Trust by AUDC. The reserves are verified through monthly disclosures and third-party attestations.

AUDD is a multi-chain stablecoin available on Ethereum, Stellar, XRP Ledger, Solana, Base, Hedera, XDC, and Redbelly. This broad deployment supports interoperability across diverse financial systems.

When a user deposits AUD with AUDC, an equivalent amount of AUDD is minted and sent to their wallet. When redeeming, the user sends AUDD back; it is burned and the corresponding AUD is returned.

No, AUDD is a privately issued stablecoin, not a CBDC. It is issued by AUDC Pty Ltd. and validated on public blockchains, whereas a CBDC would be issued by the Reserve Bank of Australia on a controlled network.

AUDD is used for cross-border payments, institutional settlement of tokenized assets, on-chain trading, and business payments such as trade finance and merchant settlements. It is designed to bridge traditional finance and the crypto ecosystem.

Yes, AUDD was selected for two use cases in the Reserve Bank of Australia's Project Acacia, exploring wholesale tokenized asset markets. It also became the first Australian stablecoin listed on Coinbase.