Australian Digital Dollar (AUDD) is thrilled to announce a groundbreaking integration with the XDC Network, a Layer 1 EVM-compatible blockchain network. This strategic move will see AUDD, the Australian dollar-backed stablecoin, expand its reach and utility by supporting leaders in Trade Tokenisation, XDC Network. This marks a pivotal step in AUDD’s mission to lead the global digital economy with innovative blockchain solutions, regardless of the DLT or sector.
Strengthening Digital Finance with the XDC Network
The integration of AUDD onto the XDC Network leverages the network’s advanced capabilities, including its on-chain security and forensics, subnet functionality, speed and scalability, and enterprise-grade robustness. Known for its recent 3-block finality upgrade of XDC2, the associated low gas costs, and interoperability with Ethereum Virtual Machine (EVM) ecosystems, the XDC Network is a natural fit for AUDD’s vision of delivering seamless, interoperable, and efficient financial and tokenisation solutions. This integration will empower businesses and consumers with faster, more reliable, and cost-effective transactions, particularly for cross-border payments and trade finance applications, globally.
Ms Effie Dimitropoulos, CEO of AUDC Pty Ltd, expressed her enthusiasm for this milestone: “Integrating AUDD with the XDC Network is a transformative step in our journey to help revolutionise digital finance, in particular helping make cross-border remittances cheaper and closing the Trade Finance Gap for SMEs. The XDC Network’s cutting-edge payments technology, trade industry engagement, and interoperability align perfectly with our commitment to providing a stable, scalable, and globally accessible digital currency. This integration will unlock new opportunities for AUDD, enabling real-time payments – with programmability, and refreshingly low-cost transactions that meet the evolving needs of businesses and consumers in the digital economy.”
Expanding AUDD’s Global Footprint
By supporting the XDC Network, AUDD continues its strategy of enhancing versatility and accessibility across multiple blockchain ecosystems. The XDC Network’s robust infrastructure, designed for enterprise adoption and global trade, will amplify AUDD’s utility in international payments, international trade finance, supply chain management, and decentralised applications (dApps) outside the Trade sector. This integration is poised to drive widespread adoption of AUDD, within Australia and globally, particularly in industries requiring secure, transparent, and efficient digital transactions.
The XDC Network’s focus on facilitating global trade and cross-border payments aligns seamlessly with AUDD’s mission to improve financial efficiency and accessibility. With Australia being a key player in global trade and digital innovation, AUDD on the XDC Network is strategically positioned to support the growing demand for stable digital currencies in the Oceania region – to APAC, and beyond.
Mr Sean White, Australian Ecosystem and Business Development Manager for the XDC Network commented: “We are excited to welcome AUDD to the XDC Network ecosystem. This integration not only strengthens our position as a leading blockchain for enterprise-grade payment and tokenisation solutions but also enhances the utility of stablecoins in real-world applications. AUDD’s presence on the XDC Network will fuel and drive local innovation in digital trade finance and cross-border payments, benefiting SME businesses, corporates, and consumers at home and worldwide.”
About AUDC Pty Ltd
AUDC Pty Ltd is a pioneering fintech company dedicated to transforming the future of money through blockchain technology. The company powers the Australian Digital Dollar (AUDD), a stablecoin backed 1:1 by the Australian Dollar, designed to provide businesses and consumers with a stable, reliable, and globally accessible digital asset. With a strong focus on innovation and digital finance solutions, AUDC is committed to driving the next generation of financial technology.
For more information about AUDD, please visit:
https://audd.digital
https://www.linkedin.com/company/audd-digital
About XDC Network
The XDC Network is a Layer 1 EVM-compatible blockchain designed for enterprise-grade applications, particularly in trade finance, supply chain, and cross-border payments. With its hybrid blockchain architecture, the XDC Network combines the benefits of public and private networks, offering high scalability, interoperability, and low transaction costs. The network empowers businesses and developers to build decentralized applications and tokenise real-world assets, driving innovation in the global digital economy.
For more information, please visit https://xinfin.org
For media inquiries, please contact:
Effie Dimitropoulos, CEO, AUDC Pty Ltd
Email: [email protected]
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