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Chrono Tech Launches Australian Dollar Stablecoin in Spite of ‘Big Four’ Banks

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Chrono Tech Launches Australian Dollar Stablecoin in Spite of ‘Big Four’ BanksChrono Tech Launches Australian Dollar Stablecoin in Spite of ‘Big Four’ Banks

Australian blockchain firm, Chrono Tech, has been experiencing difficulties securing a banking partner amid the launch of an Australian dollar (AUD)-pegged stablecoin earlier this month.

The AUD Token (AUDT), available on Chrono Tech’s platform, can be redeemed 1:1 for Australian dollars held by a licensed Australian bank. However, as Chrono Tech’s CEO, Sergei Sergienko, reveals, securing a banking partner was not easy.

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Source: Cryptocurrency - investing.com

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