Afterpay Believes A Popular Aud Stablecoin Will Appear Soon
“There is currently no AUD-backed stablecoin with significant uptake. However, this is unlikely to remain true for long. An AUD-backed stablecoin would provide Australian cryptocurrency users and investors with an alternate store of value compared to the popular USD-denominated coins, with the associated benefits of blockchain technology,” Afterpay told the Senate Select Committee on Australia as a Technology and Financial Centre in a submission. “It may also work to remove some barriers to entry into the cryptocurrency market for Australians consumers and businesses, as rationalising their cryptocurrency holdings in AUD over USD could provide additional comfort in exploring the space....