{"id":72770,"date":"2023-01-19T12:15:51","date_gmt":"2023-01-19T10:15:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=72770"},"modified":"2025-09-09T10:13:18","modified_gmt":"2025-09-09T07:13:18","slug":"media-national-australia-bank-to-create-audn-stablecoin-according-to-afr","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/media-national-australia-bank-to-create-audn-stablecoin-according-to-afr\/","title":{"rendered":"Media: National Australia Bank to create AUDN stablecoin, according to AFR"},"content":{"rendered":"<p>The National Australia Bank (NAB) is creating an asset-backed stablecoin, AUDN, according to <a href=\\\"https:\/\/www.afr.com\/companies\/financial-services\/nab-creates-a-stablecoin-in-boost-for-digital-economy-20230117-p5cd8f\\\">AFR<\/a>, citing its own sources.<\/p>\n<p>\\n\\n\\n\\n<!--more-->\\n\\n\\n\\n<\/p>\n<p>&#8220;The stablecoin&#8221; will be launched on Ethereum and Algorand, slated for mid-year.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The stablecoin will be backed by the Australian dollar on a 1:1 basis. NAB will act as custodian.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Illustrative use cases for the new asset include:<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>trading carbon credits;<\/li>\n<li>international money transfers;<\/li>\n<li><a href=\\\"https:\/\/ru.wikipedia.org\/wiki\/%D0%A1%D0%B4%D0%B5%D0%BB%D0%BA%D0%B0_%D0%A0%D0%95%D0%9F%D0%9E\\\">repo deals<\/a>.<\/li>\n<\/ul>\n<p>\\n\\n\\n\\n<\/p>\n<p>In 2021, <a href=\"https:\/\/forklog.com\/en\/news\/australia-outlines-plans-for-cbdc-issuance-and-crypto-regulation\">became known<\/a> that Australia planned to launch its own digital currency alongside the introduction of crypto-industry regulation.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier, in March, ANZ Bank <a href=\"https:\/\/forklog.com\/en\/news\/anz-bank-launches-adc-stablecoin-pegged-to-the-australian-dollar\">released<\/a> the A$DC stablecoin.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Australia Bank is creating an asset-backed stablecoin AUDN.<\/p>\n","protected":false},"author":1,"featured_media":72771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[108,1229,807],"class_list":["post-72770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-australia","tag-banks-and-fintech","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/72770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=72770"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/72770\/revisions"}],"predecessor-version":[{"id":72772,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/72770\/revisions\/72772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/72771"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=72770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=72770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=72770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}