AUDD Coin (AUDD), also known as the digital Australian dollar, is a stablecoin backed by reserve assets in the traditional financial system, such as cash and cash equivalents.
Benefits of AUDD
High-quality reserves: AUDD is backed by high‑quality, liquid cash assets.
Transparency: AUDD publishes transparent, monthly attestations on the reserves that back AUDD in circulation.
Stable store of value: AUDD is designed to be pegged to the Australian dollar (“AUD”) and be redeemable 1:1 for AUD.
Borderless and always‑on: Move value across borders without banking‑hour constraints, enabling safe, secure payments, lower transaction fees, and instant settlement.
Precise balances: Hold as little as 0.000001 AUDD.
Using AUDD on Coinbase
Convert AUD ↔ AUDD with no Coinbase conversion fees: Deposit AUD via bank transfer or PayID and convert instantly.
Trading and liquidity: Buy, sell, and trade AUDD in the Coinbase app, or access enhanced liquidity via the AUDD/USDC pair in Coinbase Advanced.
Multi‑chain support: AUDD is supported for deposits and withdrawals on Ethereum and Base on Coinbase.
Note: While AUDD is available to Coinbase users globally, 1:1 redemption into Australian dollars is available for Australian users only.