Coinbase to Launch Stablecoins AUDD and XSGD Pegged to Australian Dollar and Singapore Dollar

Foresight News reports that Coinbase has announced the launch of its first stablecoins pegged to the Australian Dollar (AUDD) and Singapore Dollar (XSGD). These two new stablecoins will be globally available on Coinbase starting September 30 at 1:00. AUDD is an Australian digital currency issued by AUDC Pty Ltd. It is a fully collateralized, fiat-backed stablecoin designed for a 1:1 exchange with the Australian Dollar, specifically tailored for institutional-grade programmable finance. XSGD is a fiat-backed stablecoin issued by StraitsX. XSGD has been recognized by the Monetary Authority of Singapore (MAS) and complies with the upcoming Single Currency Stablecoin (SCS) regulatory framework.