Australian dollar will support a stablecoin
The company Novatti Group will launch its own asset, which will be backed by Stellar's blockchain and will be available from November 19
The online payment company Novatti Group announced the launch of its own stablecoin, a currency that will be supported by the Australian dollar.
This cryptoactive, which will be called Novatti AUD Utility Token, will be available from November 19. The blockchain will be backed by Stellar.
With this initiative, the payment processor seeks to bring Australians closer to the cryptocurrencies, teaching them to use them in aspects of daily life.
This was stated by the manager of Novatti, Peter Cook, who indicated that “we believe that people will use [the stablecoins] to help buy products from Australian companies, and we believe that they will also use them to pay bills or for services within Australia.”
Novatti AUD Utility Token reaches a market, where it will have to compete with USDCoin tokens (USDC) of Circle, TrustToken TrueUSD (TUSD), Paxos Standard Dollar (PAX) of Paxos and Gemini Dollar (GUSD) of brothers Winklevoss.
K. Tovar
Source: Coincrispy
Receive this and all our information directly on your cell phone through our channel on Telegram:https://t.me/BitFinanceNews
