No party, page-633

UDPN Expands Global Financial Infrastructure with the Integration of AUDD

03 Sep, 2024

By AUDD

In a significant move to expand its global payments infrastructure for regulated digital currencies, Universal Digital Payments Network (“UDPN”) today announced the integration of the Australian Digital Dollar (“AUDD”) onto its platform. This strategic addition positions UDPN to support regulated stablecoins pegged to three major currencies: US Dollar, Euro, and now the Australian Dollar.

AUDD is designed to meet the increasing demands of the digital economy, providing a stable and reliable banking alternative, especially suited for businesses aiming to manage their financial operations with enhanced stability and efficiency. Backed 1-to-1 by Australian Dollars and blockchain-agnostic, AUDD not only broadens UDPN’s reach but also enables UDPN clients to expand their market presence and forge connections with global partners.

“This collaboration is expected to accelerate the adoption of AUDD both within Australia and globally, reducing friction and enhancing the flexibility of international payments. Our existing and prospective AUDD clients already participate in the borderless digital world and demand more efficient and transparent means by which to transact in digital commerce. Our integration with UDPN aims to close that gap.” added Effie Dimitropoulos, CEO at AUDC.

Historically, financial infrastructures have been designed primarily for domestic transactions. However, with global business interactions becoming more prevalent, there is a need for a system that can accommodate the speed and complexity of today’s international business environment. UDPN addresses this issue by facilitating quicker and more reliable payments and seamless foreign exchange services, which traditionally could take several days and incur substantial fees.

Early this year, UDPN introduced several innovative commercial solutions, including a Tokenised Deposit/Stablecoin Management System and a Digital Asset Tokenisation System, to bridge the gap between traditional banking systems and modern financial technology.

“The integration of AUDD into the UDPN is a testament to our ongoing efforts to bridge traditional banking with cutting-edge financial technology. This step not only broadens our platform’s capabilities but also demonstrates our commitment to supporting regulated digital currencies worldwide. We are thrilled to see the innovation and efficiency this will bring to our clients within the digital currency ecosystem.” stated Steffen Schacher, Digital Assets Lead at GFT.

To learn more about the Universal Digital Payment Network (UDPN) and how it can benefit your organisation or to arrange a demonstration, interested parties are encouraged to visit udpn.io or to reach out via email at [email protected]

The information in this blog is

• provided for informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose;
• not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice; and
• general in nature and is not specific to you or anyone else.

You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented in this blog without undertaking independent due diligence and consultation with a professional broker or financial advisory and you understand that you are using any and all information available in this blog at your own risk.

RISK STATEMENT – the trading of cryptocurrencies/cryptoassets has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice