Transparency & fully backed
AUDD is fully backed in reserve by high-quality liquid cash assets and is always redeemable 1:1 for Australian dollars. These cash reserves are designed to provide AUDD stablecoin holders with ready liquidity.
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.