Australia is not lagging behind in the stablecoin wars. It does not want to stop on the crypto by letting it get banned. Instead they are going to be doing the stablecoin and other crypto rules for the people who live on its soil. And this way they want to get hold of the stablecoin where the chain actions would be 1:1 with the real Australian dollar. 

This new AUDD stablecoin is being launched on the hedera chain. And this means we are going to enjoy the stablecoin wars with Australia as a new player. And nations are around the world would be making their ways into the forex through crypto in upcoming times. 

What are some of the most common observations out of this? 

What I learned so far is that stablecoin wars are inevitable and they are going to make us do KYC while using them. because they want to bring back the old world of the rules and the fees and the way to track the money back again. Which means the crypto aspect is not much important there. 

The official site of the AUDD is also out here. And Hedera has done some level of the PR for this new announcement too. So things are going pretty well so far with the AUDD and we are going to see some fun from the same. Tokenization is the future and govt doing the launch of the stablecoin like this while it waits for its own pace, I feel this is a good move. 

That being said, it feels good to see finally crypto is being the norm. And we don't feel like criminal to pay using it or even doing things with it. So that kind of proves the value of the crypto. If only we can get rid of the centralization. Hard but let's hope for change!