The first fully regulated Australian stablecoin has been minted by a trio of banking professionals who say the product as part of a wave of innovation that will revolutionise traditional payment methods.
Macropod's AUDM stablecoin was used for the first time on Wednesday, in a $100,000 transaction between related parties, and should be available on select crypto exchanges within a week, CEO Drew Bradford told AAP.
He sees AUDM first being used by Australian crypto aficionados, but said it could eventually be used far more widely, such as for buying groceries.
"I just cannot see a world where stablecoins are not 10 or 20 per cent of payments by 2030," Mr Bradford told a crypto forum in Sydney on Wednesday.
Mr Bradford and Macropod's chief technology officer, Rob Waugh, were formerly at