Stellar (XLM) Based Stablecoin To be Pegged to the Australian Dollar (AUD)14.73

Reports reaching Ethereum World News, indicate that a new stablecoin will be launched on the Stellar blockchain that is pegged to the Australian Dollar (AUD). It will keep its value in a manner similar to how traditional stable coins have used the USD as reference as well as being backed by the fiat currency. In this case, the new stablecoin by Novatti Group, will also be backed by the Australian Dollar (AUD).

In an interview to Coindesk during the recently concluded Money 20/20 event in Las Vegas, Peter Cook, Novatti’s Managing Director, explained his vision for the coin beyond crypto market trading:

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