Australia has granted an Australian Financial Services License (AFSL) for a regulated Australian dollar stablecoin, AUDD, to operate on the XRP Ledger. This development allows banks to conduct on-chain transactions using compliant AUD stablecoins. AUDD, issued by AUDC, had previously received AFSL authorization from the Australian Securities and Investments Commission (ASIC) to provide non-cash payment facilities. The stablecoin is designed for use across multiple blockchain networks, including the XRP Ledger.