{"id":156427,"date":"2023-09-15T12:43:27","date_gmt":"2023-09-15T07:13:27","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=156427"},"modified":"2023-09-15T12:43:27","modified_gmt":"2023-09-15T07:13:27","slug":"major-aussie-bank-takes-next-step-to-aud-stablecoin-after-chainlink-test-transaction-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/major-aussie-bank-takes-next-step-to-aud-stablecoin-after-chainlink-test-transaction-crypto-news\/","title":{"rendered":"Major Aussie bank takes next step to AUD stablecoin after Chainlink test transaction – Crypto News"},"content":{"rendered":"
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Australia and New Zealand Banking Group is one step closer to launching its bank-issued stablecoin A$DC after the bank successfully executed a test transaction on Chainlink\u2019s Cross-Chain Interoperability Protocol (CCIP):<\/p>\n

ANZ\u2019s banking services portfolio lead Nigel Dobson said<\/a> the transaction was a \u201cmilestone\u201d moment for the bank in a Sept. 14 statement:<\/p>\n

\u201cANZ recently worked with Chainlink CCIP to complete a test transaction to simulate the purchase of a tokenised asset, facilitated using A$DC and an ANZ-issued NZ-dollar-denominated stablecoin.\u201d<\/p><\/blockquote>\n

Dobson said the firm has been experimenting with several networks \u2014 presumably to test out where the ANZ\u2019s Australian dollar stablecoin can be best utilized:<\/p>\n

\u201cWe\u2019re actively exploring the use of decentralised networks through a \u2018test-and-learn\u2019 approach,\u201d the ANZ executive said.<\/p>\n

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As Australia and New Zealand Banking Group (ANZ), one the world\u2019s largest global banks with over $1 trillion in total assets under management, demonstrates the use of CCIP for secure cross-chain stablecoin transactions, the role of Chainlink and CCIP as a standard for interbank\u2026 pic.twitter.com\/qdehsUX4rQ<\/a><\/p>\n

\u2014 Sergey Nazarov (@SergeyNazarov) September 14, 2023<\/a><\/p><\/blockquote>\n

Dobson said ANZ sees \u201creal value\u201d in tokenizing real-world assets like the Australian dollar, a move that could potentially transform the banking industry:<\/p>\n

\u201cTokenised assets are already changing the way banking works, and the technology has the potential to do more \u2014 if the right pieces can come together.\u201d<\/p><\/blockquote>\n

ANZ minted the first A$DC stablecoin in March, 2022, which was the first of its kind in Australia.<\/p>\n

Related: <\/em><\/strong>Don\u2019t follow the US: Blockchain Aus CEO hammers \u2018regulation by enforcement\u2019 <\/em><\/strong><\/a><\/p>\n

However, the other Big Four Australian banks \u2014 Commonwealth Bank of Australia,<\/a> Westpac<\/a> and National Australia Bank<\/a> \u2014 recently imposed restrictions and, in some instances, full blocks on bank transfers to several \u201chigh-risk\u201d cryptocurrency exchanges.<\/p>\n

Bendigo Bank followed suit<\/a> in late July.<\/p>\n

These banks cited the need to protect customers against cryptocurrency scams<\/a> as the main reason behind imposing the restrictions.<\/p>\n

Magazine:<\/em><\/strong> <\/em><\/strong>Unstablecoins: Depegging, bank runs and other risks loom<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Australia and New Zealand Banking Group is one step closer to launching its bank-issued stablecoin A$DC after the bank successfully executed a test transaction on Chainlink\u2019s Cross-Chain Interoperability Protocol (CCIP): ANZ\u2019s banking services portfolio lead Nigel Dobson said the transaction was a \u201cmilestone\u201d moment for the bank in a Sept. 14 statement: \u201cANZ recently worked […]<\/p>\n","protected":false},"author":2,"featured_media":156428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-156427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=156427"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156427\/revisions"}],"predecessor-version":[{"id":156430,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156427\/revisions\/156430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/156428"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=156427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=156427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=156427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}