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Novatti Group ( (AU:NOV) ) has issued an announcement.
Novatti Group Limited announced that its AUDD stablecoin has surpassed $1 billion in transactions on the Stellar blockchain, marking a significant milestone for the Australian Dollar-backed stablecoin. This achievement underscores AUDD’s growing adoption in digital payments and decentralized finance (DeFi) applications, highlighting its potential as a trusted stablecoin within Australia’s regulatory framework. Novatti holds a 57% non-controlling interest in AUDC Pty Ltd, the issuer of AUDD, and continues to benefit from its increasing use and adoption. The company emphasizes the secure and compliant nature of AUDD, with client funds held in Australian Deposit Taking Institutions and adherence to stringent anti-money laundering and counter-terrorism financing frameworks.
More about Novatti Group
Novatti Group Limited is a leader in the payments industry, bridging traditional payments and regulated digital finance. Established in 1995, the company provides comprehensive payment solutions for fintechs and corporates, including online, in-person, international, and card services. Novatti focuses on simplifying and supporting customer payment needs in a rapidly evolving digital landscape.
Average Trading Volume: 577,385
Technical Sentiment Signal: Sell
Current Market Cap: A$18.72M
For an in-depth examination of NOV stock, go to TipRanks’ Overview page.