"ASIC's AFSL license (No. 700123) authorizes AUDC to provide non-cash payment facilities, which is the regulatory category covering digital payment instruments used for actual transactions. Banks and businesses in Australia can now use AUDD for on-chain payments within a clear legal framework. Before this license, any financial institution considering AUDD faced compliance uncertainty about whether using it would create regulatory exposure, and most stayed away."
"By January 2026, AUDD had processed over $1.4 billion in transaction volume on the Stellar network alone through institutional trials and cross-border settlement use cases. AUDC also participated in multiple government-led pilots with the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre, exploring how digital money could work in Australia's payment and settlement systems."
"Each AUDD token is backed 1:1 by Australian dollars held in segregated trust accounts at tier-one Australian banks. AUDC doesn't rehypothecate or use reserves for its own purposes, and independent third-party auditors verify the backing."
XRP has declined 44% from its January 2026 peak of $2.42 to $1.35, with institutional Ripple deals consistently failing to boost price. Australia's financial regulator ASIC authorized AUDC Pty Ltd's AUDD stablecoin as a regulated payment instrument on the XRP Ledger, marking a significant regulatory milestone. AUDD operates directly on-chain rather than through Ripple's software stack. The AFSL license removes compliance uncertainty that previously deterred financial institutions from adoption. AUDD, originally launched on Stellar in November 2022, expanded to XRP Ledger in June 2023 and processed over $1.4 billion in transaction volume. Each token maintains 1:1 backing with Australian dollars in segregated trust accounts at tier-one banks, with independent auditor verification.
Read at 24/7 Wall St.
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