To those knowledgeable in Crypto things,As at 14 Jan 24 AUDD has...

To those knowledgeable in Crypto things,

As at 14 Jan 24 AUDD has Total Supply of 3,207,714 which is substantially up from 30 Dec 23 when Total Supply was 2,501,596.

Q: Does this mean Novatti is required to have an amount of Aussie dollars equal to this in an offset account? Ie: AUDD is a fiat backed cryptocurrency

Also I note that Overall Payment Volume has increased from 8,422,766 to 18,374,696 during this two week period.

This appears to be gaining traction over the past 14 days and possibly could scale fast.

I have read the fee schedule link (thanks Hoyter123) however am still trying to guesstimate what sort of money this AUDD could make for Novatti.

Cheers Anton