Aussie bank ANZ has revealed it recently integrated its Australian dollar stablecoin, A$DC on Chainlink’s Cross-Chain Interoperability Protocol in a test transaction, something ANZ banking executive Nigel Dobson described as a “milestone” moment for the firm.
Australia and New Zealand Banking Group is one step closer to launching its bank-issued stablecoin A$DC after the bank successfully executed a test transaction on Chainlink’s Cross-Chain Interoperability Protocol :the transaction was a “milestone” moment for the bank in a Sept. 14 statement:
“ANZ 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.” Dobson said the firm has been experimenting with several networks — presumably to test out where the ANZ’s Australian dollar stablecoin can be best utilized:
“We’re actively exploring the use of decentralised networks through a ‘test-and-learn’ approach,” the ANZ executive said. As Australia and New Zealand Banking Group , one the world’s 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…
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