Ripple, Stellar to aid Novatti launch AUDC stablecoin
Novatti Group quite recently confirmed that its deal with Ripple and Stellar to build its AUDC stablecoin was on. The Australian company plans to issue the same on the XRP Ledger and Stellar Chain.
The stablecoin set to launch would be backed 1:1 against the Australian Dollar. As such, market participants would be able to purchase 1 AUDC for 1 AUD and then leverage its utility by sending the AUDC to a digital wallet through a blockchain network without international transaction fees.