Transparency & fully backed
Transparency is a core obligation of AUDC’s role as a licensed stablecoin issuer.
As an Australian Financial Services Licensee, AUDC maintains robust reserve management, reconciliation processes, and independent third-party attestations to support confidence in AUDD’s 1:1 AUD backing.
Stability you can trust
AUDD is fully backed by highly liquid fiat reserves held separately from AUDC’s operating funds at financial institutions to benefit our stablecoin holders.
Monthly Independent assurance and transparency
AUDD reserve holdings are fully disclosed every month, along with associated mint/burn flows. Additionally, an accredited accounting firm provides monthly third-party assurance that the value of AUDD reserves exceeds the amount of AUDD in circulation.
The reports are prepared according to standards set out by the Australian Accounting Standards Board (AUASB) by William Buck, an independent auditor of Novatti Group (NOV:ASX) since 2016.
Monthly attestations form part of AUDC’s broader compliance and transparency framework as a regulated issuer under Australian financial services law.