In a revolutionary move for the Australian digital economy, and crypto proponents all over the world, ANZ Bank has created a stable-coin pegged to the Australian dollar.
This is the first time an Australian bank has minted a digital asset linked to the value of the Australia dollar, and is potentially the first time a retail or institutional bank anywhere in the world has created a stable-coin that has been used in a real transaction. The news comes as the Federal Government released an early proposal last week indicating a technology neutral, forward thinking approach to regulation.
Is Australia poised to become an innovation hub for cryptocurrencies and non-fungible tokens?
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