Stablecoins are a digital asset issued on a blockchain or decentralised digital ledger. Unlike unbacked cryptocurrencies such as Bitcoin, stablecoins are intended to maintain a stable value that is equal to a fiat currency such as Australian dollars (AUD). For AUDM, Macropod stabilises the value of the token by maintaining a reserve of liquid financial assets.

‍

AUDM as a Stablecoin

The AUDM token is a crypto-token designed to be used to make payments on a blockchain or decentralised ledger. It is purchased and redeemed from Macropod at the rate of one AUDM token to one Australian dollar. This type of crypto-token is often referred to as a stablecoin.

‍

How can AUDM be used?

AUDM is designed to support a wide range of payment, settlement and digital asset use cases.

Examples include:

• Treasury management
• Cross-border payments
• Tokenised assets
• Digital payments
• Digital asset exchanges
• Decentralised finance (DeFi)

‍

To learn more about how AUDM is being used across different industries and payment scenarios, explore our Use Cases.