AUDD receives ASIC authorization to support banks using compliant Australian dollar stablecoin on XRPL

Solid Intel stated that Australia has granted permission for a "regulated digital dollar" on the XRP Ledger, allowing banks to conduct on-chain transactions using a compliant Australian dollar stablecoin. Information shows that the Australian dollar stablecoin AUDD (issued by AUDC) previously received an Australian Financial Services License (AFSL) from the Australian Securities and Investments Commission (ASIC), authorizing it to provide non-cash payment facilities. AUDD can be used on multiple blockchains, including XRPL.