The Australian Securities and Investments Commission (ASIC) has introduced a groundbreaking exemption allowing stablecoin intermediaries to distribute licensed stablecoins without requiring a separate financial services license. This exemption, the first of its kind, applies to stablecoins issued by firms holding an Australian financial services license. Catena Digital's AUDM is the inaugural stablecoin to benefit from this regulatory relief. This initiative aims to foster growth and innovation within the digital assets and payments sectors while ensuring consumer protection. The exemption follows a December 2024 consultation paper and will become legally binding upon registration on the Federal Register of Legislation. ASIC intends to extend this relief to additional stablecoin issuers as they obtain the necessary licenses.