The Australia and New Zealand Banking Group said on Thursday it made payments in the Australian dollar Stablecoin, becoming the first bank in Australia to mint a digital asset pegged to the country’s currency.
ANZ said it has delivered the Australian dollar Stablecoin A$DC to Victor Smorgon Group, a private digital asset wealth management firm, through digital asset investment platform Zerocap.
ANZ used smart contracts to mint 30 million A$DC, transfer it between the parties, and later convert it back into fiat currency.
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