Australia and New Zealand Banking Group is one step closer to launching its bank-issued stablecoin A$DC after the bank successfully executed a test transaction on Chainlink’s Cross-Chain Interoperability Protocol. ANZ’s banking services portfolio lead Nigel Dobson said in a Sept. 14 statement that the transaction was a “milestone” moment for the bank. Dobson said the firm has been experimenting with several networks — presumably to test out where the ANZ’s Australian dollar stablecoin can be best utilized. Dobson said ANZ sees “real value” in tokenizing real-world assets like the Australian dollar, a move that could potentially transform the banking industry.
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