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ARTICLE · 29 MARCH 2022

Blockchain Bites: ANZ leads the way with A$DC – the worlds first stablecoin minted by a bank

Piper Alderman
Piper Alderman
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Piper Alderman

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ANZ have created a stablecoin tied to the Australian dollar and performed a test transaction using an ERC-20 token.

AustraliaTechnology
Michael Bacina
Michael Bacina
Jordan Markezic
Jordan Markezic
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Michael Bacina and Jordan Markezic of the Piper Alderman Blockchain Group bring you the latest legal, regulatory and project updates in Blockchain and Digital Law.

In a watershed moment for Australian crypto-markets and crypto globally, the Australia and New Zealand Banking Group Limited (ANZ) have created a stablecoin tied to the Australian dollar and performed a test transaction using an ERC-20 token.

ANZ made the announcement during Australian Blockchain Week – an annual event bringing together technology experts, academics, executives & government leaders who contribute to the blockchain and digital assets landscape in Australia.

The announcement follows the Australian Government issuing a range of consultation papers for new laws to help Australia make Australia a "crypto-hub" in the Asia-Pacific region.

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