Ethereum (ETHUSD): National Australia Bank to Launch Stable...

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Thursday, 01/19/2023 12:35:50 PM

Thursday, January 19, 2023 12:35:50 PM

National Australia Bank to Launch Stablecoin on Ethereum Network, Algorand Blockchain
https://watcher.guru/news/national-australia-bank-to-launch-stablecoin-on-ethereum-network-algorand-blockchain

JUST IN: 🇦🇺 National Australia Bank launches #stablecoin fully backed by Australian dollars.
— Watcher.Guru (@WatcherGuru) January 19, 2023

National Australia Bank to Launch Stablecoin on Ethereum, Algorand: Report
https://decrypt.co/119542/national-australia-bank-launch-stablecoin-ethereum-algorand

The National Australia Bank announced that it will soon launch a new stablecoin backed by the Australian dollar on Ethereum and Algorand.

"National Australia Bank (NAB) will become the second of the country’s major financial institutions to launch a stablecoin, a top executive told the Australian Financial Review (AFR).

The coin, dubbed AUDN, will launch on the Ethereum and Algorand blockchains later this year.

Howard Silby, NAB’s chief innovation officer, told AFR the stablecoin would allow customers to settle transactions on the blockchain in real-time, using Australian dollars."