BlockBeats News, September 24th, Coinbase will globally launch two local fiat-backed stablecoins, AUDD (Australian Dollar Stablecoin, issued by AUDC Pty Ltd) and XSGD (Singapore Dollar Stablecoin, issued by StraitsX), on September 29th.
Users can freely convert Australian Dollars to AUDD and Singapore Dollars to XSGD. Both coins are backed by official currency reserves, and XSGD has obtained regulatory approval from the Monetary Authority of Singapore.
