Rising interest in blockchain-based digital finance has seen AUDD close its pre-seed funding round at $600k as investors sought to increase their early stage-investment in the business. In the two years since its inception, the AUDD multichain stablecoin has rapidly gained traction in the market, exceeding more than $25 million in payments volume, within just
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As blockchain technology continues to disrupt traditional financial institutions, digital payments company Novatti Group (ASX: NOV) has secured a range of new investors keen for a slice of their AUDD stablecoin business which has minted more than $4 million since launching. AUDD is a 1:1 fiat-backed stablecoin that enables businesses, people and governments to make
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Questions regarding reliability, transparency and scalability came to the fore after the multi-asset exchange company Australian Stock Exchange (ASX: ASX) decided to replace its 25-year-old clearing and settlements system CHESS with blockchain tech in 2016. To do so, the ASX brought on the New York-based tech startup Digital Asset. However, after multiple delays and issues,
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If you haven’t been living under a rock, you must have heard about blockchain technology. That said, it’s understandable if you brushed it off because it had nothing to do with you. That might not be the case anymore. If you are struggling to buy a home amid the ongoing housing crisis, FinTech company DigitalX
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The Australian Securities Exchange (ASX: ASX) and its botched attempt to replace its settlements and clearing system (known as CHESS), with blockchain tech has finally faced reality and has abandoned its five year debacle, writing off millions of dollars of investment. Eventually coming to their senses, last month the ASX board released a statement that
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Businesses looking to move money overseas instantly and without incurring significant foreign exchange fees will soon be turning to blockchain technology with digital payments company Novatti Group (ASX: NOV) announcing the launch of their highly-anticipated AUDD stablecoin. Backed 1:1 against the Australian dollar, the Novatti-issued AUDD stablecoin will go live on 1 November 2022. Users
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