AUDC Pty Ltd, the Australian Digital Dollar (AUDD) issuer, is excited to announce a new partnership with Elbaite Pty Ltd, an Australian-owned and operated cryptocurrency exchange. This partnership introduces a new service on Elbaite’s platform, allowing users to deposit AUDD and seamlessly purchase cryptocurrencies directly through the exchange.

Revolutionising Crypto Purchases with AUDD

Through this collaboration, Elbaite users will now be able to deposit AUDD, a 1:1 Australian Dollar-backed stablecoin, and use it to purchase a wide range of cryptocurrencies. This new feature enhances the flexibility and efficiency of trading on Elbaite by allowing users to transact in a stable and secure digital asset that eliminates the risks of fiat conversion delays and foreign exchange fees.

Effie Dimitropoulos, CEO of AUDC Pty Ltd, highlighted the importance of this partnership: “Our partnership with Elbaite creates a new opportunity for Australian users to interact with AUDD in a meaningful way. By enabling AUDD deposits for cryptocurrency purchases, we’re providing a faster, more secure way for users to engage with digital assets. This represents a major step in expanding the utility of AUDD within the growing crypto economy.”

Why Elbaite?

Elbaite’s unique non-custodial model allows users to retain full control of their digital assets during transactions, ensuring the highest levels of security and transparency. With this new AUDD deposit feature, users can make cryptocurrency purchases directly with AUDD, offering a seamless and efficient trading experience without the need to go through multiple fiat conversions.

Samira Tollo, CTO and Co-founder of Elbaite commented: “We’re excited to bring AUDD to our platform, giving users a trusted, Australian Dollar-backed stablecoin option to purchase crypto. This feature aligns perfectly with our mission to provide a secure and user-friendly environment for digital asset trading, and we believe this collaboration will enhance the overall trading experience for our community.”

Empowering Australian Crypto Traders

As an Australian-owned exchange, Elbaite’s focus on security, transparency, and user control aligns with AUDC’s mission of providing a stable and reliable digital currency for modern financial needs. By integrating AUDD, the partnership offers Australian traders a local solution that is backed by familiar, trusted currency while engaging with the global cryptocurrency market.

About AUDC Pty Ltd

AUDC Pty Ltd is an innovative fintech company dedicated to revolutionising money through blockchain technology. The company operates and issues the Australian Digital Dollar (AUDD), a stablecoin designed to provide businesses and consumers with a stable and reliable digital asset backed 1:1 by the Australian Dollar. With a deep background in digital money products and solutions, AUDC is at the forefront of driving the next generation of digital finance.

For more information about AUDD, please visit: https://audd.digital 

About Elbaite Pty Ltd

Elbaite Pty Ltd is an Australian-owned cryptocurrency exchange that offers a non-custodial platform where users can buy and sell cryptocurrency directly from their own wallets. With a focus on security, transparency, and user autonomy, Elbaite is committed to providing the safest and most efficient trading environment for cryptocurrency investors.

For more information about Elbaite, please visit: https://www.elbaite.com