I am really attempting to have an engaging discussion here. Whatever.I have been doing some more chatgpt research. Learning new stuff is a good thing. And yes my sentiment remains as below. Cheers Anton
Since July 2023, Novatti's AUDD stablecoin has made significant strides in expanding its network and connections.
Here are the key developments:
### Key Partnerships and Integrations:
1. **Expansion to New Blockchains**: - **Solana**: AUDD launched on Solana as the fourth native blockchain integration, joining Ethereum, Ripple (XRP Ledger), and Stellar
[oai_citation:1,Novatti consolidates it’s digital finance portfolio as AUDD closes pre-seed funding round at $600k - The Sentiment](https://thesentiment.com.au/novatti-consolidates-its-digital-finance-portfolio-as-audd-closes-pre-seed-funding-round-at-600k/) [oai_citation:2,Strategic review identifies external funding for growth initiatives: Novatti - Australian FinTech](https://australianfintech.com.au/strategic-review-identifies-external-funding-for-growth-initiatives-novatti/).
2. **International Bank of Australia (IBoA)**: - **Banking License**: Novatti's subsidiary, IBoA, obtained a banking license from the Australian Prudential Regulation Authority (APRA), enhancing its ability to perform cross-border settlements using Ripple's ODL
[oai_citation:3,Strategic review identifies external funding for growth initiatives: Novatti - Australian FinTech](https://australianfintech.com.au/strategic-review-identifies-external-funding-for-growth-initiatives-novatti/).
3. **CryptoSpend Visa Card**: - **Australia**: Novatti launched the CryptoSpend Visa card, supporting XRP, Bitcoin, Ethereum, and Litecoin, bridging the gap between cryptocurrencies and the Australian banking system
[oai_citation:4,AUDD Digital](https://ainsliecrypto.com.au/audd-digital).
4. **New Strategic Partners**: - **Zerocap and MyBrix**: Integration with the web3 trading platform Zerocap and the MyBrix platform, expanding the utility and reach of AUDD
[oai_citation:5,Novatti’s AUDD stablecoin passes $4 million minted milestone, attracts new fintech investors - The Sentiment](https://thesentiment.com.au/novattis-audd-stablecoin-passes-4-million-minted-milestone-attracts-new-fintech-investors/). - **Ainslie Crypto**: Transitioning to AUDD settlements for its customers, leveraging the stability and efficiency of the stablecoin [oai_citation:6,AUDD Digital](https://ainsliecrypto.com.au/audd-digital).
5. **Global Payment Networks**: - **Alipay, UnionPay, Google Pay, Samsung Pay, WeChat, and Apple Pay**: Partnerships to facilitate seamless digital payments and cross-border transactions [oai_citation:7,AUDD Digital](https://ainsliecrypto.com.au/audd-digital).
### Financial Performance and Funding:
1. **Pre-Seed Funding**: - **$600k Raised**: AUDD closed a pre-seed funding round at $600,000, with Novatti retaining an 80% stake. This funding supports AUDD’s growth and operational independence
[oai_citation:8,Novatti consolidates it’s digital finance portfolio as AUDD closes pre-seed funding round at $600k - The Sentiment](https://thesentiment.com.au/novatti-consolidates-its-digital-finance-portfolio-as-audd-closes-pre-seed-funding-round-at-600k/) [oai_citation:9,Strategic review identifies external funding for growth initiatives: Novatti - Australian FinTech](https://australianfintech.com.au/strategic-review-identifies-external-funding-for-growth-initiatives-novatti/).
2. **Revenue and Transaction Volume**: - **$4 Million Minted**: AUDD surpassed $4 million in minted tokens, with over $5 million in transaction volume
[oai_citation:10,Novatti’s AUDD stablecoin passes $4 million minted milestone, attracts new fintech investors - The Sentiment](https://thesentiment.com.au/novattis-audd-stablecoin-passes-4-million-minted-milestone-attracts-new-fintech-investors/) [oai_citation:11,Strategic review identifies external funding for growth initiatives: Novatti - Australian FinTech](https://australianfintech.com.au/strategic-review-identifies-external-funding-for-growth-initiatives-novatti/).
### Strategic Initiatives and Use Cases:
1. **Stablecoin as a Service**: - **Integration into Payment Solutions**: AUDD is being integrated into Novatti’s suite of payment solutions, including remittances, gateways, and DeFi pairs
[oai_citation:12,Novatti’s Australian Dollar-backed stablecoin (AUDD) is live on the XRP Ledger - Australian FinTech](https://australianfintech.com.au/novattis-australian-dollar-backed-stablecoin-audd-is-live-on-the-xrp-ledger/) [oai_citation:13,Novatti announces AUDD stablecoin to go live on 1 November 2022 - Australian FinTech](https://australianfintech.com.au/novatti-announces-audd-stablecoin-to-go-live-1-november-2022/).
2. **Participation in CBDC Pilot**: - **RBA and Digital Finance CRC**: Novatti participated in a pilot program exploring the use cases for a central bank digital currency (CBDC) in Australia, aligning with the broader adoption of digital currencies
[oai_citation:14,Novatti’s Australian Dollar-backed stablecoin (AUDD) is live on the XRP Ledger - Australian FinTech](https://australianfintech.com.au/novattis-australian-dollar-backed-stablecoin-audd-is-live-on-the-xrp-ledger/) [oai_citation:15,Novatti announces AUDD stablecoin to go live on 1 November 2022 - Australian FinTech](https://australianfintech.com.au/novatti-announces-audd-stablecoin-to-go-live-1-november-2022/).
These developments reflect Novatti’s ongoing efforts to leverage its partnerships and technological innovations to expand the reach and utility of the AUDD stablecoin, enhancing financial services and cross-border payments globally.
For the latest updates, you can visit [Novatti's website](https://novatti.com) and [Ripple's website](https://ripple.com).
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