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October 8, 2024

Elbaite Partners with AUDC to Enable AUDD Deposits

Elbaite Pty Ltd, an Australian-owned and operated non-custodial cryptocurrency exchange, is thrilled to announce its integration of AUDD, the Australian Dollar-backed stablecoin issued by AUDC Pty Ltd. This collaboration brings a new, secure, and efficient way for Elbaite users to purchase cryptocurrencies using AUDD directly into their own self-custody wallets.

Revolutionising Crypto Purchases with AUDD

Elbaite’s unique model ensures users retain full control of their digital assets during transactions, providing the highest levels of security and transparency. With the introduction of AUDD deposits, users can now seamlessly purchase cryptocurrency using AUDD, offering a fast and efficient trading experience.

Samira Tollo, CTO and Co-founder of Elbaite, commented:

“We’re excited to bring AUDD to our platform, giving users a trusted, Australian Dollar-backed stablecoin option to purchase crypto. This feature aligns perfectly with our mission to provide a secure and user-friendly environment for digital asset trading, and we believe this collaboration will enhance the overall trading experience for our community.”

Why AUDD?

Through this partnership, Elbaite users can now deposit AUDD, a 1:1 Australian Dollar-backed stablecoin, and use it to purchase a wide range of cryptocurrencies. This integration enhances trading flexibility by allowing users to transact in a stable and secure digital asset, eliminating the risks of fiat conversion delays and exchange fees.

Effie Dimitropoulos, CEO of AUDC Pty Ltd, highlighted the significance of this collaboration:

“Our partnership with Elbaite creates a new opportunity for Australian users to interact with AUDD in a meaningful way. By enabling AUDD deposits for cryptocurrency purchases, we’re providing a faster, more secure way for users to engage with digital assets. This represents a major step in expanding the utility of AUDD within the growing crypto economy.”

Empowering Australian Crypto Traders

As an Australian-owned exchange, Elbaite’s focus on security, transparency, and user control aligns with AUDC’s mission of providing a stable and reliable digital currency for modern financial needs. By integrating AUDD, this partnership offers Australian traders a local, secure solution backed by a trusted national currency, allowing them to engage more seamlessly with the global cryptocurrency market.

About Elbaite Pty Ltd

Elbaite Pty Ltd is an Australian-owned cryptocurrency exchange that offers a non-custodial platform where users can buy and sell cryptocurrency directly from their own wallets. With a focus on security, transparency, and user autonomy, Elbaite is committed to providing the safest and most efficient trading environment for cryptocurrency investors.

For more information about Elbaite, please visit: https://www.elbaite.com

About AUDC Pty Ltd

AUDC Pty Ltd is an innovative fintech company dedicated to revolutionising digital money through blockchain technology. The company issues the Australian Digital Dollar (AUDD), a stablecoin designed to provide businesses and consumers with a stable and reliable digital asset, fully backed 1:1 by the Australian Dollar. With expertise in digital financial solutions, AUDC is driving the next generation of blockchain-based finance.

For more information about AUDD, please visit: https://audd.digital

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