Case Study: AUDC Pty Ltd achieves faster, lower-cost cross-border payments with Stellar

Bringing An Australian Dollar Backed Digital Asset To Global Finance

The customer, AUDC Pty Ltd, an innovative fintech company, faced significant liquidity challenges with cross-border payments for financial institutions. The traditional system's requirement to pre-fund transactions was inefficient and slow. To address this, AUDC partnered with Stellar to leverage its network for asset tokenization.

AUDC's solution, built on Stellar, was to issue AUDD, an Australian dollar-backed stablecoin, and create a supplementary asset, AUDR, to facilitate on-demand minting via the Stellar Decentralized Exchange (DEX). This approach provided global accessibility, secure and instant payments, and lower transaction fees. The results for clients included the removal of intermediary banks, near-instant settlements, and the elimination of hidden fees, saving up to 5.7% per transaction while reducing costs to mere cents.

AUDC Pty Ltd

Michaela Juric

GM Partnerships and Commercial