- AUDD becomes first AUD stablecoin on Hedera, backed 1:1 and selected for Project Acacia.
- Hedera was chosen for AUDD due to low fees, carbon-negative design, and fast transaction speed.
The Australian dollar stablecoin, AUDD, is now live on the Hedera network. Issued by Australian Dollars Digital (AUDD), it is the first commercially available stablecoin fully backed 1:1 with Australian dollars and natively issued on Hedera. The launch took place in June 2025.
It was launched by Hedera Stablecoin Studio, which is a toolkit for large-scale and regulated stablecoin projects. The key objective is to ease the movement of digital money into the economy. AUDD is used for fast payment, low cost, and interfacing with traditional financial systems.
🇦🇺 @AUDD_digital marks a major leap for digital finance in Australia & the APAC region: the first commercial stablecoin on Hedera, fully backed 1:1 with the Australian dollar.
Built on Hedera & selected for use in the Reserve Bank of Australia’s Project Acacia, AUDD is designed… pic.twitter.com/bUZgzoe3uW
— Hedera (@hedera) September 23, 2025
Thereafter, two use cases of the stablecoin under Project Acacia of the Reserve Bank of Australia were selected by AUDD. The research program looks into aspects of wholesale digital currencies and tokenized asset settlement. Stablecoins hence will aid in testing the coordination of settlement and connection to Australia’s New Payments Platform (NPP) through AUDD.
AUDD is working with Australian Payments Plus (AP+) to demonstrate these use cases.
“AUDD on Hedera marks a major step forward for digital money in the APAC region and beyond,” said Effie Dimitropoulos, CEO of AUDD. “We’re proud to be the first commercial implementation of the Hedera Stablecoin Studio – bringing real-time, low-cost, and environmentally conscious payments to enterprises, institutions, and smart contract ecosystems.”
Hedera Offers Speed, Cost Efficiency, and ESG Benefits
The Hedera network was selected to support AUDD because of its technical features. Hedera uses hashgraph consensus to confirm transactions in seconds. Costs are fixed at around $0.001 per transfer, which helps support low-value and high-frequency payments such as micropayments.
The network’s carbon-negative model supports sustainability goals. AUDD also uses Hedera Token Service (HTS), which allows tokens to be issued, burned, and transferred without the need for smart contracts. This reduces complexity and supports high-speed operations.
More Stable and Tokenized Assets Choose Hedera
Not only is Hedera being used by the AUDD initiative, but the State of Wyoming in the United States has also announced that the stable token FRNT will use Hedera as the blockchain platform for its transactions. As BTCDaily reported, FRNT is backed by US dollars and short-term government bonds. The program is implemented as per the Wyoming Stable Token Act of 2023. The proceeds of those bond interests go to funding state education.
Separately, through KAIO, three investment funds have been tokenized on Hedera. These include the BlackRock ICS US Dollar Liquidity Fund, Laser Digital Carry Fund, and Brevan Howard Master Fund. Users can use blockchain infrastructure with these tokenized funds, thereby bridging conventional financial assets to new systems.
As of press time, Hedera’s native token (HBAR) is priced at $0.22, with 24-hour trading volume at $215 million. The token is down 6% over the past week.
