Good morning,
I’m pleased to announce that Novatti's new stablecoin, AUDD, will go live on 1 November 2022.
As previously announced, AUDD is a 1:1 fiat-backed stablecoin that will provide a seamless payment experience and empower users to send currencies or remittances globally with near-instant settlement.
Novatti is proud to be the first Australian payments company to deliver on the potential of digital currencies, providing our clients with an innovative new payment solution while creating new revenue streams for our business.
The launch announcement was made overnight at the Stellar Meridian conference in Rome where Novatti has been in attendance, networking with financial institutions and blockchain businesses.
AUDD will first go live on the Stellar blockchain where users with a Stellar account will be able to access AUDD through any Stellar-enabled wallet. A partnership with Ripple is also in place to launch AUDD on their XRP Ledger, an open-source, public and decentralised blockchain.
Developed with support from the Stellar Development Foundation, AUDD capitalises on the macro-level shift to digital payments that underpins Novatti's growth.
I look forward to bringing you further news towards the end of the month including on Novatti’s September quarter results after delivering 97% annual sales growth in FY22.
Kind regards,
Peter Cook
Managing Director
Novatti Group Limited
Investors can view all Novatti announcements and discuss our latest news at the Novatti Investor Community Hub.
Shareholders can also update their mailing preferences online via our share registry Automic.-->
SW talks Australian dollar stablecoin with Peter Cook, CEO at Novatti
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Novatti June Quarter Investor Briefing
Recorded 29 July 2022
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Novatti Digital Payment Services Explainer
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