ANZ mints first Australian-bank issued dollar stablecoin payment

Australia and New Zealand Banking (OTCPK:ANZBY) (OTCPK:ANEWF) has minted the first Australian-bank issued dollar stablecoin payment through a blockchain transaction, according to the lender's release Thursday. The lender said it delivered the stablecoin for family office Victor Smorgon Group via Zerocap, a private wealth management firm for cryptocurrencies. Specifically, ANZ minted 30M of A$DC using a self-built Ethereum Virtual Machine compatible smart contract deployed through the Fireblocks platform. Those coins were transferred between parties and later redeemed back into fiat currency, the bank added. “An ANZ issued Australian dollar stablecoin is a first and important step in enabling our customers to find a safe and secure gateway to the digital economy," said ANZ Banking Services Lead Nigel Dobson. At around the same time last year, Visa had started allowing transaction settlement in USDC stablecoin.