ANZ: Completes first A$DC stablecoin transaction
- ANZ has a proud heritage of more than 180 years purpose is to shape a world where people and communities thrive
- Announced the next step in its digital asset strategy, after customer Victor Smorgon Group successfully purchased tokenized BCAU
- This transaction is an important step as the bank explores greater circulation of the stablecoin
- In this transaction, Victor Smorgon Group used A$DC as a medium of exchange to purchase the BCAU carbon tokens from Zerocap
- Zerocap sourced the BCAU from BetaCarbon, which tokenizes Australian Carbon Credit Units (ACCUs) into digital tokens
- A$DC remains fully collateralized by the Australian dollar and is redeemable at par with funds held in a managed reserve account
