Elbaite partners with AUDC to Enable AUDD Deposits for Cryptocurrency Purchases
Elbaite Pty Ltd, an Australian-owned and operated cryptocurrency exchange, is thrilled to announce its integration of AUDD, the Australian Dollar-backed stablecoin issued by AUDC Pty Ltd. This collaboration brings a new, secure, and efficient way for Elbaite users to purchase cryptocurrencies using AUDD directly into their own self-custody wallets.
Revolutionising Crypto Purchases with AUDD
Elbaite’s unique model allows users to retain full control of their digital assets during transactions, ensuring the highest levels of security and transparency. With this new AUDD deposit feature, users can make cryptocurrency purchases directly with AUDD, offering a seamless and efficient trading experience.
Samira Tollo, CTO and Co-founder of Elbaite commented: “We’re excited to bring AUDD to our platform, giving users a trusted, Australian Dollar-backed stablecoin option to purchase crypto. This feature aligns perfectly with our mission to provide a secure and user-friendly environment for digital asset trading, and we believe this collaboration will enhance the overall trading experience for our community.”
Why AUDD?
Through this collaboration, Elbaite users will now be able to deposit AUDD, a 1:1 Australian Dollar-backed stablecoin, and use it to purchase a range of cryptocurrencies. This new feature enhances the flexibility and efficiency of trading on Elbaite by allowing users to transact in a stable and secure digital asset that eliminates the risks of fiat conversion delays and exchange fees.
Effie Dimitropoulos, CEO of AUDC Pty Ltd, highlighted the importance of this partnership: “Our partnership with Elbaite creates a new opportunity for Australian users to interact with AUDD in a meaningful way. By enabling AUDD deposits for cryptocurrency purchases, we’re providing a faster, more secure way for users to engage with digital assets. This represents a major step in expanding the utility of AUDD within the growing crypto economy.”
Empowering Australian Crypto Traders
As an Australian-owned exchange, Elbaite’s focus on security, transparency, and user control aligns with AUDC’s mission of providing a stable and reliable digital currency for modern financial needs. By integrating AUDD, the partnership offers Australian traders a local solution that is backed by familiar, trusted currency while engaging with the global cryptocurrency market.
About Elbaite Pty Ltd
Elbaite Pty Ltd is an Australian-owned cryptocurrency exchange that offers a platform where users can buy and sell cryptocurrency using secure crypto vaults or directly from their own wallet. With a focus on security and transparency, Elbaite is committed to providing the safest and most efficient trading environment for cryptocurrency investors.
For more information about Elbaite, please visit: https://www.elbaite.com
About AUDC Pty Ltd
AUDC Pty Ltd is an innovative fintech company dedicated to revolutionising money through blockchain technology. The company operates and issues the Australian Digital Dollar (AUDD), a stablecoin designed to provide businesses and consumers with a stable and reliable digital asset backed 1:1 by the Australian Dollar. With a deep background in digital money products and solutions, AUDC is at the forefront of driving the next generation of digital finance.
For more information about AUDD, please visit: https://audd.digital”
