Share this article
Fireblocks and ANZ Create AUD Stablecoin
About $30 million has been minted so far.
By Sam Reynolds
Updated May 11, 2023, 5:23 p.m. Published Mar 24, 2022, 4:35 a.m.
Australia and New Zealand Banking Group (ANZ) has teamed up with crypto custodian Fireblocks to mint a stablecoin pegged to the Australian dollar.
- According to the bank, this is the first time a major bank has been involved in the creation of a stablecoin.
- The bank created the stablecoin for Victor Smorgon Group, a large family office based in Australia, which plans to use it to trade on the Melbourne-based exchange Zerocap.
- "An ANZ-issued Australian dollar stablecoin is a first step in enabling our customers to find a safe and secure gateway to the digital economy," said ANZ Banking Services Portfolio Lead Nigel Dobson in a press release.
- The Victor Smorgon Group said that transferring assets to Zerocap via a stablecoin took 30 minutes compared to the usual day or two for a fiat wire transfer.
- Michael Shaulov, CEO of Fireblocks, said in a statement he expects more banks to follow ANZ’s lead.
- As a custodian and infrastructure provider, Fireblocks has worked with BNY Mellon (BK), Siam Commercial Bank, Revolut and Crypto.com.
- ANZ’s A$DC will initially be marketed toward institutional clients, with retail availability on an Australian crypto exchange coming later.
- A$DC is currently based on the Ethereum blockchain, but ANZ said it plans to expand it to Hedera and other chains in the near future.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
