reservebankofaustralia
The National Australia Bank (NAB) has reportedly ceased development of its Ethereum-based stablecoin, AUDN. This decision comes just a year after the bank first announced its plans to venture into the stablecoin space. The development team behind AUDN has since left NAB to pursue a new project called Ubiquity, supported by a consortium of investors including Animoca Brands, Merit Circle, and Concave. NAB’s retreat from AUDNThe cessation of AUDN development signals a significant pivot for NAB. According to the Australian Financial Review, the bank quietly discontinued the project and allowed th...
Invezz
The Australian dollar has been losing ground lately to the USD, a trend which was exacerbated after the Fed communicated an even more hawkish interest rate policy stance for the US yesterday. Read more about the Fed’s interest rate decision and what it means The AUD/USD priceAt the time of this article going to press, the Australian dollar was trading at around $0.67 to the US dollar, giving up gains of around 0.25% since the Fed’s announcement. Yet the AUD has strengthened somewhat overall in the past month, rising 0.6% to the dollar overall in the last 30 days. Fortunately, the nation saw ot...
Invezz
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