The hum of digital finance grows louder in Australia’s regulatory halls. One stablecoin issuer just secured the keys to operate under the nation’s strictest financial oversight.
AUDC Pty Ltd has received an Australian Financial Services Licence (AFSL) from the Australian Securities and Investments Commission, authorizing the company to issue and operate AUDD, its Australian dollar stablecoin, as a regulated non-cash payment facility.
The license arrives as Australia transitions toward an AFSL-based framework for digital assets. AUDC positioned itself ahead of phased requirements, ensuring AUDD operates under regulations that other issuers will eventually face. The company launched AUDD in November 2022 and has participated in multiple government-led pilots with the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre.
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Conservative Model Maintained
ASIC’s approval followed extensive review of AUDC’s governance, compliance, and risk management systems. The company maintains full 1:1 backing of AUDD with Australian dollar reserves held at tier-one financial institutions, verified through regular independent attestations. AUDC segregates client assets and prohibits rehypothecation.
“Our focus has always been on building institutional-grade digital payment infrastructure that aligns with regulatory expectations,” said CEO Effie Dimitropoulos.
AUDC holds registrations with AUSTRAC and AFCA while maintaining membership in DECA and the Stablecoin Standard.
