AUDD now live on Ethereum

19 Oct, 2023

By Michaela Juric, Head of Blockchain Solutions

AUDC Pty Ltd, a subsidiary of Novatti Group Limited (ASX:NOV), a leading fintech enabling businesses to pay and be paid, is pleased to announce the launch of its 1:1 Australian Dollar stablecoin, AUDD, on the Ethereum blockchain as an ERC-20 token. As we continue to innovate and expand, our commitment to providing a versatile and accessible stablecoin remains at the forefront.

The official token address for AUDD on Ethereum is 0x4cce605ed955295432958d8951d0b176c10720d5 and can be validated on Etherscan.

What this means for AUDD

Ethereum’s broad acceptance and recognition in the crypto ecosystem cannot be understated. By introducing AUDD as an ERC-20 token, we’re tapping into a well-established network, opening up numerous possibilities:

• Larger Acceptance: ERC-20 tokens are widely recognised across various platforms, exchanges, and services, enhancing AUDD’s reach.
• Programmable Payments and Use Cases: Ethereum’s smart contract capabilities mean more versatile applications for AUDD, from complex financial derivatives to straightforward peer-to-peer transfers.
• Simplified Interactions: Leveraging Ethereum’s mature ecosystem reduces the complexity of interacting with AUDD, making it more user-friendly.

AUDD’s CEO, Effie Dimitropolous, recently remarked, “With AUDD now on Ethereum, we’re not just expanding our reach; we’re opening doors to limitless possibilities. This is a transformative moment for AUDD, and we’re eager to see the new horizons it unlocks for our community.”

Getting started with AUDD on Ethereum

To start, you can purchase AUDD on Ethereum directly from our AUDD Digital website with Australian Dollars 1:1. If you’re new to our platform, register for an account here. For those who have already registered, you might recall that we also launched AUDD on the XRP Ledger earlier this year; this has now been available for purchase alongside our Ethereum variant. To learn more about buying AUDD for AUD across all available blockchains (Stellar, XRP Ledger, Ethereum), please head over to our AUDD Digital Knowledge Base.

For decentralised enthusiasts, AUDD can be acquired or traded using swap functions on platforms like UniSwap, SushiSwap, PancakeSwap, and 1inch. As we integrate further, please use the Ethereum token address 0x4cce605ed955295432958d8951d0b176c10720d5 to search for AUDD.

Liquidity pools & rewards

For those keen on liquidity provisions, eight liquidity pools have been established by our partners to minimise gas output by users to establish these pools: AUDD:ETH and AUDD:USDT on UniSwap (ETH:AUDD, USDT:AUDD), SushiSwap (ETH:AUDD, USDT:AUDD), and PancakeSwap (ETH:AUDD, USDT:AUDD). Join these pools for the chance to earn rewards*, or feel free to set up your pools with any compatible ERC-20 tokens on your prefered Ethereum DEX.
*Rewards are managed and paid out by DEX providers; please refer to their terms and conditions for more information.

Safe storage

Storing your AUDD is straightforward with popular ERC-20 compatible wallets like MetaMask, Trust Wallet, and SafePal. Remember to add AUDD using the contract address for a seamless experience.

Questions or concerns?

Your trust is our priority. If you have questions, require assistance, or just want to chat, don’t hesitate to reach out to our dedicated team at [email protected]

Thank you for being part of this journey. Here’s to new beginnings and continued success with AUDD!

The information in this blog is

  • provided for informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose;
  • not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice; and
  • general in nature and is not specific to you or anyone else.

You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented in this blog without undertaking independent due diligence and consultation with a professional broker or financial advisory and you understand that you are using any and all information available in this blog at your own risk.

RISK STATEMENT – the trading of cryptocurrencies/cryptoassets has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice