xaudtoken

Stablecoins in Australia are already being used in a small number of practical, infrastructure-level contexts. This piece looks at where activity is concentrated today, how those use cases have emerged, and what they suggest about the direction of on-chain financial infrastructure locally.

Stablecoins in Australia are already being used in a small number of practical, infrastructure-level contexts. This piece looks at where activity is concentrated today, how those use cases have emerged, and what they suggest about the direction of on-chain financial infrastructure locally.

This statement is issued by TAU Pty Ltd (trading as AUDX Token), which operates the Aussie Dollar Token (AUDX Token), a 1:1 pegged Australian stablecoin. Recent media reports have referred to a company operating under the names AUDX Australia and AUDX Global that has ceased trading and entered liquidation. That entity was operated by DAEX. To avoid any confusion, AUDX Token confirms that it is owned and operated by TAU Pty Ltd, which forms part of the BetterX Group, and is not associated in...