Australian bank ANZ has minted the first ever Australian dollar stablecoin.
In Brief:
It has completed a stablecoin transaction through a public permissionless blockchain platform.
This was delivered for Victor Smorgon Group.
ANZ has minted 30mn of A$DC using an Ethereum Virtual Machine (EVM) compatible smart contract.
What does this mean?
The coins have been transferred between parties and then redeemed as Fiat currency. ANZ has been working with Fireblocks, Chainalysis and OpenZeppelin to achieve this in house.
