Coinbase will launch stablecoins AUDD and XSGD, denominated in AUD and Singapore dollars

According to Foresight News, Coinbase announced that it will launch the first batch of stablecoins AUDD and XSGD, denominated in Australian and Singapore dollars. Two new stablecoins will be launched globally on Coinbase at 1:00 on September 30.

AUDD is an Australian digital currency issued by AUDC Pty Ltd. It is a fully collateralized, legally supported stablecoin designed to be exchanged for Australian dollars in a 1:1 ratio, and is specially designed for institutional-level programmable finance. XSGD is a fiat stablecoin issued by StraitsX. XSGD has been recognized by the Monetary Authority of Singapore (MAS) and is in line with the upcoming regulatory framework for the single currency stablecoin (SCS).

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