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AAP
AAP
Business
Derek Rose

First regulated Australian dollar stablecoin launched

Australian Dollar United States Bitcoin Crypto NAB
Macropod's AUDM stablecoin should be available on select crypto exchanges within a week. (Dave Hunt/AAP PHOTOS)

The first fully regulated Australian stablecoin has been minted by a trio of banking professionals who say the product as part of a wave of innovation that will revolutionise traditional payment methods.

Macropod's AUDM stablecoin was used for the first time on Wednesday, in a $100,000 transaction between related parties, and should be available on select crypto exchanges within a week, CEO Drew Bradford told AAP.

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