How Our Stablecoins Work
One dollar = One stablecoin.
Each stablecoin the issuer mints is fully collateralised by the currency it is pegged to, and held in reserve in a bare trust. When a unit of that currency is deposited with the issuer, one stablecoin is minted. When it is redeemed, the stablecoin is burned and the currency is returned at par. The supply on-chain always matches the reserve held on trust. No leverage, no lending, no algorithm holding the peg together.
The lifecycle of AUDD
Deposit
An approved client sends Australian dollars to AUDC, the Australian-licensed issuer, through a licensed on-ramp or a named virtual account.
Mint
AUDC mints AUDD one-to-one against the deposit and delivers it to the client's wallet on any of the nine supported chains.
Use
The client moves, pays or settles in AUDD, around the clock, with on-chain finality and reconciliation built in.
Redeem
The client returns AUDD to the issuer and the stablecoin is burned. AUDD can be redeemed 1:1 for Australian dollars through an approved Distributor, or directly with AUDC if that is not available. Conditions and fees apply (see the PDS).
How the AUDD reserve is held
Every AUDD in circulation is matched by an Australian dollar in reserve, held on bare trust for AUDD holders as cash with banks or AUD cash equivalents such as government bonds. Reserves are never re-hypothecated and never lent out. William Buck independently attests the reserve, and has done so since August 2024.
One-to-one, always
Circulating supply equals reserve held. Mint adds to both, redemption removes from both.
On trust, ring-fenced
Held on bare trust for holders, separate from the operating company, not available to creditors.
Independently attested
Verified by William Buck since August 2024. SOC audit underway by a tier-one audit firm.
Available on the supported networks
Find the AUDD mainnet address for each supported network below. Check the network and address before sending or integrating AUDD.
What can we do
for you?
Tell us your industry and a little about what you're looking for. A member of our team will be in touch to discuss how AUDC can help.