Novatti Group announced the launch of a new stable coin on the XRP Ledger

Novatti Group announced the launch of a new stable coin on the XRP Ledger
фото показано с : ripplenews.ru

2022-6-11 15:39

Fintech company Novatti Group announced the launch of a new stable coin on the XRP ledger

Austrailian fintech company Novatti Group announced the launch of a new stable coin on the XRP Ledger. The Austrailia dollar-backed stable coin, called AUDC, has chosen XRP Ledger due to its cheapness and speed of transactions.

Ripple, given this partnership, will now provide full technical support for AUDC with XRPL integration. Novatti has previously used XRP technology.

For example, last year all cross-border transactions between Australia and the Philippines were carried out using XRP.

Managing Director of Novatti, Peter Cook, commented on the new cooperation option:

Novatti is in the business of finding innovative ways for our clients to pay and be paid.Following on from the success of utilising the digital asset XRP for cross-border payments from Australia to the Philippines last year, we once again looked to the XRP Ledger to issue Novatti’s new stablecoin, AUDC. This really highlights the value of our global payments ecosystem, which can be readily replicated and expanded to capture new and innovative opportunities to best serve our clients. We strongly believe that demand for the use of digital currencies will only increase going forward. Deploying our AUDC stablecoin on the XRP Ledger will help Novatti capture this growing demand and, in turn, position us to deliver new revenue streams.

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