Stablecoin popularity continues to grow, and ever since Tether (USDT) started the trend, numerous other stablecoins have emerged around the world. Despite the recent Tether controversy that has seen the pegged coin’s value drop below $1 — which should never happen, since each coin is supposedly backed by a buck — other stablecoins continue to thrive.
So much so, in fact, that the new one has just been announced by a payment technology company from Australia, The Novatti Group. Novatti first announced their stablecoin during the Money 20/20 conference. The coin will be named Novatti AUD Utility Token and is expected to launch on November 19.