ANZ’s stablecoin used to buy tokenized carbon credits By Cointelegraph

ANZ’s stablecoin used to buy tokenized carbon credits

Cryptocurrency Jun 28, 2022 01:00AM ET

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ANZ’s stablecoin used to buy tokenized carbon credits

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 $20.76 million, or 30 million Australian dollars (AUD), between Victor Smorgon Group and digital asset manager Zerocap.

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ANZ’s stablecoin used to buy tokenized carbon credits

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