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- The Australian Digital Dollar has welcomed the $XDC Network as the latest blockchain to be supported by its AUDDapt grant program.
- As part of the AUDDapt, developers can apply for funding to deploy AUDD-powered payment applications on the $XDC Network.
The Australian Digital Dollar has announced the $XDC Network as the latest blockchain now supported under its AUDDapt grant program.
In its announcement, the project stated that $XDC “strongly aligns with [our]digital stablecoin’s focus on real-world financial use cases – trade, payments, and tokenisation.”
Announcing @XDCNetwork as a supported blockchain in the AUDDapt grant program.
$XDC strongly aligns with @AUDD_digital stablecoin's focus on real-world financial use cases – trade, payments, and tokenisation.
Builders Apply Now: https://t.co/oSyEUHz3yW pic.twitter.com/vw36oRym3b
— AUDD (@AUDD_digital) March 23, 2026
AUDD is a stablecoin issued by the Novatti Group, a fintech company listed on the Australian Stock Exchange. It’s pegged 1:1 to the Australian dollar and backed by fiat reserves held in regulated accounts on some of the country’s largest banks. It’s available on multiple blockchains, including Ethereum as an ERC-20 token, as well as on Stellar, XRPL, Solana, Hedera, and Base. $XDC now joins these networks to offer the stablecoin to its users.
AUDD says it intends to continue adding the stablecoin to more blockchains on a case-by-case basis to meet demand.
As CNF reported, AUDD debuted on Hedera in June last year. The project said it had selected Hedera for its speed, security and efficiency, singling out its throughput of over 10,000 transactions per second as critical in real-world payments.
The AUDDapt is a grant program designed to accelerate the adoption of stablecoins in real-world applications. It provides financial assistance to developers who integrate AUDD into applications and deliver clear user value in payments or settlement. Early-stage ventures receive 10,000 AUD, while those with live products capable of delivering meaningful payments receive 50,000 AUD. Participants are allowed to nominate any supported blockchain for their project, and with the latest announcement, $XDC has now joined the list of blockchains developers can build on.
The Stablecoin Battle in Australia
Stablecoins have become one of the fastest-growing sectors in crypto globally, surging to $320 billion in market cap. Tether alone facilitated $100 billion in transactions over the past 24 hours, twice that of Bitcoin. This surge has attracted new players within crypto, like Ripple with its RLUSD stablecoin, and from traditional finance, like PayPal, which launched PYSUD, and Stripe, which spent $1.1 billion on stablecoin infrastructure provider Bridge.
In Australia, the dynamic is different. Stablecoins are not a reserve of crypto companies like Circle and Tether. Aussie banks have joined the sector and are investing heavily to compete against crypto-native companies.
Three years ago, Big Four bank ANZ made history by becoming the first bank to mint a stablecoin with A$DC, and since then, commercial lenders have been expanding their stablecoin presence.
This movement is being spurred by the Reserve Bank of Australia, which has encouraged banks and fintechs to explore technologies that can reduce the cost burdens on their users, and stablecoins have emerged as one of the main solutions. One report commissioned by the country’s parliament found that Australians incur $1.2 billion in costs annually in credit card transactions, which can be eliminated through financial technologies like stablecoins.