AUDD is authorized by ASIC to support banks in using compliant Australian dollar stablecoins on the XRPL blockchain

Solid Intel has announced that Australia has granted a license for "regulated digital dollars" on XRP Ledger, allowing banks to use compliant Australian stablecoins for on chain transactions. The information shows that the Australian stablecoin AUDD (issued by AUDC) has previously obtained an Australian Financial Services License (AFSL) issued by the Australian Securities and Investments Commission (ASIC), authorizing it to provide non cash payment facilities. AUDD can be used on multiple blockchains, including XRPL.