ANZ’s stablecoin used to buy tokenized carbon credits

ANZ stablecoin A$DC used to buy ‘tokenised’ carbon credit units

Private investor Victor Smorgon has used ANZ’s Australian dollar stablecoin to invest in a digital version of carbon credits created by start-up BetaCarbon.

ANZ's stablecoin used to buy tokenized carbon credits

ANZ's stablecoin used to buy tokenized carbon creditsAustralian tokenized carbon credits were purchased with ANZ's stablecoin A$DC, serving as yet another important test of the asset's potential use in the local economy.After supervising a test transaction worth 30 million AUD ($20.76 million) betwe...

ANZ's stablecoin used to buy tokenized carbon credits - Cryptic Threadz News

ANZ’s stablecoin A$DC has been used to buy Australian tokenized carbon credits, marking another critical test of the asset’s use cases in the local economy. In March, the “Big Four” bank became the first major Australian financial institution to mint its own stablecoin after overseeing a pilot transaction worth 30 million AUD ($20.76 million) between […]

ANZ’s stablecoin used to buy tokenized carbon credits

The carbon credits were tokenized and provided by BetaCarbon that represents one kilogram of carbon offsets per credit.