ANZโs stablecoin A$DC has been used to buy Australian tokenized carbon credits, marking another critical test of the assetโs use cases in the local economy. In March, the โBig Fourโ bank became the first major Australian financial institution to mint its own stablecoin after overseeing a pilot transaction worth 30 million AUD ($20.76 million) between Victor Smorgon Group and digital asset manager Zerocap. ANZโs stablecoin is fully collateralized by Australian dollars (AUD) held in the bank’s managed reserved account. So far, A$DC transactions have primarily been conducted over the Ethereum…
ANZ’s stablecoin used to buy tokenized carbon credits
