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Invezz 2024-06-18 15:37:03

National Australia Bank halts development of ETH-based stablecoin AUDN

The National Australia Bank (NAB) has reportedly ceased development of its Ethereum-based stablecoin, AUDN. This decision comes just a year after the bank first announced its plans to venture into the stablecoin space. The development team behind AUDN has since left NAB to pursue a new project called Ubiquity, supported by a consortium of investors

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