OnRamp's AUDRamp goes live as first AUD-pegged stablecoin cryptocurrency

Shortly after the announcement of a still-unnamed AUD-pegged stablecoin from Bit Trade and Emparta, set to launch in 2019, OnRamp Technologies has gone live with the world’s first fully operational and fully compliant fiat-backed AUD stablecoin.

The move comes as part of OnRamp Technologies’ broader efforts to tokenise assets as part of an ASIC-approved registered managed investment scheme. AUDRamp (AUDR) is up first, along with the slightly mind-bending ERC20 bitcoin-pegged BTCR, which is, in a sense, putting bitcoin on the Ethereum blockchain.

AUDR got the stamp of approval from Australian regulators on 8 June, making it one of the earlier projects to achieve that level of formal recognition.

Beyond being an easier way to get at crypto, their compliance chops mean that AUDR and BTCR are almost akin to a tokenised form of Australia’s crypto-friendly regulatory environment.

To read more, please click on the link below…

Source: OnRamp’s AUDRamp goes live as first AUD-pegged stablecoin cryptocurrency | finder.com.au