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Australian Digital Dollar (AUDD) is an Australian dollar stablecoin by regulated issuer AUDC Pty Ltd under Australian Financial Services Licence 700123. Each AUDD is backed 1:1 by Australian dollar cash and cash equivalents held on bare trust for holders, separate from AUDC’s operating funds, and never rehypothecated. AUDD can be redeemed 1:1 through an approved Distributor or directly with AUDC as the issuer.
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The app is okay to use
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