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AUDC launches AUDD stablecoin, BVNK partners with dLocal, Nauru regulates crypto sector and other Web3 news

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  • AUDC Pty Ltd, in collaboration with the Hedera Foundation, has launched AUDD, the first Australian dollar-denominated stablecoin issued via the Hedera Token Service, aimed at institutional users and supporting decentralized finance applications. (📰The Paypers)
  • BVNK and dLocal have partnered to provide stablecoin payment solutions for faster cross-border settlements, enabling customers to fund payments in stablecoins and convert them to local currencies across 40 markets. (📰The Paypers)
  • Nauru has established the Command Ridge Virtual Asset Authority to regulate the crypto sector, requiring licensing for various virtual asset activities, including stablecoin issuance, while classifying cryptocurrencies as commodities. (📰The Paypers)
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