ANZ’s stablecoin used to buy tokenized carbon credits

2022.06.28 10:56

ANZ’s stablecoin used to buy tokenized carbon credits

Budrigannews.com – ANZ’s stablecoin A$DC has been used to buy Australian tokenized carbon credits, marking another critical test of the asset’s use cases in the local economy.

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In March, the “Big Four” bank became the first major Australian financial institution to mint its own stablecoin after overseeing a pilot transaction worth $20.76 million, or 30 million Australian dollars (AUD), between Victor Smorgon Group and digital asset manager Zerocap.

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