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First Australian bank to mint stablecoin

ANZ $ANZ Group Holdings Ltd (ANZ.AU)$ stated it had delivered Australian dollar stablecoins called A$DC to a private digital asset management company. Meanwhile, Australia and New Zealand Banking Group announced that it carried out an Australian dollar stablecoin payment on Thursday, which means it was a breakthrough transaction, and ANZ became the first Australian lender to mint a digital asset linked to the country's currency. Furthermore, ANZ declared that it had minted 30 million of A$DC, using a smart contract, and the coins were transferred between the parties and later redeemed back into Fiat currency.

As digital assets such as metaverse, NTF, and cryptocurrencies become more and more popular. Even Goldman Sachs $Goldman Sachs (GS.US)$ restarted its related services yesterday; it was completing the first cryptocurrency OTC transaction and planning to expand its digital asset division. In this regard, what do you think the trend of digital assets will be? Will it become mainstream in a short period (five to ten years)? Leave your comments below!
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